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Keyword: accountingerror

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  • Biden administration sends $250 million more to Ukraine, taking advantage of Pentagon accounting error

    08/30/2023 11:30:26 AM PDT · by Red Badger · 26 replies
    Washington Examiner ^ | August 29, 2023 03:07 PM | by Mike Brest, Defense Reporter
    The Biden administration announced a new military aid package for Ukraine on Tuesday valued at approximately $250 million. This package includes AIM-9M missiles for air defense, munitions for High Mobility Artillery Rocket Systems, 155 mm and 105 mm artillery ammunition, mine-clearing equipment, Javelin and other anti-armor systems and rockets, and over 3 million rounds of small arms ammunition, Secretary of State Antony Blinken said in a statement. "Every day, Russia continues to wage a brutal war of conquest that has killed many of Ukraine’s civilians and displaced millions of its people. Their attacks on Ukraine’s ports and grain infrastructure have...
  • SC chief accountant’s salary could be cut after $3.5B error[South Carolina]

    03/14/2023 5:16:49 PM PDT · by buckalfa · 17 replies
    WSPA News 7 ^ | March 14th, 2023 | Jason Raven
    COLUMBIA, SC (WSPA) – Members of the South Carolina House of Representatives voted to reduce the salary of a constitutional officer. Monday night, the House passed an amendment to their budget proposal that would cut Comptroller General Richard Eckstrom’s salary to $1. “This is in regards to what I’m calling the $3.5 billion whoopsie,” said Representative Heather Bauer (D-Richland). Rep. Bauer was referring to an accounting error lawmakers learned about in February. Comptroller General Eckstrom informed senators about a $3.5 billion overstatement of the state’s cash balances. The number was reported in his office’s annual financial report. According to Eckstrom,...
  • Is the $516 Billion Accounting Error at HUD Actually the Democrats Anti-Trump War Chest?

    04/06/2017 7:48:56 AM PDT · by davikkm · 24 replies
    IWB ^ | Mark Angelides
    If you’re not familiar with the recent report showing that there were over $500 Billion in accounting errors at the Department for Housing and Urban Development (HUD), that’s because the MSM have either ignored it, or played it down as a simple difference in accounting practices. The fact is, that HUD, like everyone else in the US is required to follow Generally Accepted Accounting Practices (GAAP) as required by the law. That they did not gives us the first clue. In 2015, the errors totaled $3.4 Billion, and in 2016, $516.4 Billion. This is quite an increase and should not...
  • Texas lawmakers to focus on transportation politics

    01/02/2009 7:00:12 PM PST · by Tolerance Sucks Rocks · 9 replies · 639+ views
    TheTrucker.com ^ | December 31, 2008 | Kelley Shannon (Associated Press)
    AUSTIN, Texas — If anyone wondered whether Texas toll road rage had subsided or lawmakers' irritation at the Texas Department of Transportation had eased, those questions got answered a few days before Christmas: Not so much. Denouncing the massive transportation agency as dysfunctional and out of control, a group of lawmakers reviewing the department said it will be intensely debated in the legislative session that begins Jan. 13. "This is a big agency that is a mess," said Rep. Carl Isett, a Lubbock Republican and one of the leaders of the Sunset Advisory Commission that periodically examines state agencies. He...
  • TxDOT Defends Marketing Strategy to House Committee

    07/21/2008 5:48:48 AM PDT · by Tolerance Sucks Rocks · 5 replies · 236+ views
    KLBJ News Radio ^ | July 18, 2008 | Newsroom
    Executives from the state highway department are again defending themselves at the Capitol against people who say they are using taxpayer money to advance an agenda in favor of toll roads in Texas. At the heart of the issue are claims that TxDOT has hired lobbyists, using taxpayer dollars, to push in favor of projects like the Trans-Texas Corridor. Part of that is the "Keep Texas Moving" website. "Marketing is undertaken to inform drivers in the Austin area about the opening of new toll roads, toll road locations and incentive periods, and about the benefits of paying with an electronic...
  • Elected State Transportion Commissioner Proposed (TxDOT sunset review)

    07/16/2008 7:24:26 AM PDT · by Tolerance Sucks Rocks · 7 replies · 913+ views
    WOAI ^ | July 15, 2008 | Jim Forsyth
    Member of the Texas Sunset Commission today recommended 'radical' changes in the administration of the Texas Department of Transportation, including placing the troubled and controversial agency into a four year legislative 'receivership' and abolishing the Texas Transportation Commission, which runs TexDOT, and appointment of a Transportation Commissioner who would be answerable to the Legislature, 1200 WOAI news reports. But Sunset Commission member Rep. Ruth Jones McClendon (D-San Antonio) suggested going one step further. "What I am hearing form the public is that they are wanting to see an elected commissioner," she said to loud applause from the TexDOT opponents who...
  • Local commission takes on Trans-Texas Corridor

    07/17/2008 5:59:22 AM PDT · by Tolerance Sucks Rocks · 6 replies · 319+ views
    The Temple Daily Telegram ^ | July 16, 2008 | Fred Afflerbach
    HOLLAND - The mayor of this small community 15 miles south of Temple said Tuesday the commission of which she is president is ready to take by the horns the Texas Department of Transportation and its controversial proposal, the Trans-Texas Corridor. Armed with an 80-page manual, “How to Fight the TTC,” and backed by two non-profits who say they protect private property rights, Holland mayor Mae Smith said rural Bell County is ready for a fight. “Bell County sits here like a stepchild and they’re cramming this corridor down our throats,” Ms. Smith said, regarding the commission’s relationship with TxDOT....
  • TxDOT listens to people about toll road

    06/18/2008 5:15:43 AM PDT · by Tolerance Sucks Rocks · 13 replies · 276+ views
    The Diboll Free Press ^ | June 18, 2008 | Jerry Gaulding
    A retreat from the Texas Department of Transportation's plan to build a new multi-lane toll road through East Texas is a clear victory for Angelina County and Diboll, local officials said last week. "I'm glad they went back to the original plan," Diboll Mayor Bill Brown said. Instead of a new Trans-Texas Corridor toll road paralleling U.S. 59, Tx- DOT now plans to widen 59 with a new bypass around Diboll and Lufkin. The planned 59 bypass, needed to avoid the signalized intersections in Diboll and Lufkin, provides in the original plan four exits for Diboll. That will be good...
  • A bumpy road (TxDOT, toll roads, Trans-Texas Corridor)

    06/08/2008 6:18:43 AM PDT · by Tolerance Sucks Rocks · 24 replies · 306+ views
    The Fort Worth Star-Telegram ^ | June 8, 2008 | Star-Telegram
    The Sunset Advisory Commission's scathing staff report on the Texas Department of Transportation, issued Tuesday, centers around one crucial statement: This agency has sunk so low in the eyes of the Legislature and the public that trust can only be restored through dramatic action. "[T]weaking the status quo is simply not enough," says the report. The prescribed solution is to abolish the five-member Texas Transportation Commission. The governor would appoint a single commissioner to run the department with oversight from a special committee of legislators. During the next four years, the Transportation Department would extensively revise its policies and procedures....
  • Editorial: Now TxDOT must act on its promises

    06/06/2008 5:09:58 AM PDT · by Tolerance Sucks Rocks · 6 replies · 168+ views
    The San Antonio Express-News ^ | June 5, 2008 | The San Antonio Express-News
    The Texas Transportation Commission sounded the right notes last month in its first meeting under new leadership. Deirdre Delisi, recently appointed by Gov. Rick Perry to chair the commission, and her fellow commissioners finally seem to have gotten the message — the Texas Department of Transportation has lost the public's trust. For those with short memories, here are a few highlights that explain how that happened: •TxDOT fought to keep details of Perry's proposed Trans-Texas Corridor secret. It denied repeated requests from the media and landowners to let the public view a plan that calls for hundreds of miles of...
  • Trans-Texas Corridor draws 27,000 public comments

    06/04/2008 6:03:26 AM PDT · by Tolerance Sucks Rocks · 11 replies · 276+ views
    Land Line Magazine ^ | June 3, 2008 | David Tanner
    Many in the great state of Texas have a lot to say about a proposed network of toll roads and railway lines known as the Trans-Texas Corridor. The Texas Department of Transportation received more than 27,000 public comments during a three-month comment period on a proposed corridor project called the TTC-69, said TxDOT spokesman Mark Cross. Transportation officials had 47 public hearings in February and March and accepted written comments through April 18 on the environmental and social impact of the corridor. Comments ranged from flat-out opposition to the corridor to suggestions about how to lessen its impact, Cross told...
  • Panel proposes changes for TxDOT

    06/03/2008 6:22:44 AM PDT · by Tolerance Sucks Rocks · 10 replies · 737+ views
    The Houston Chronicle ^ | June 2, 2008 | Peggy Fikac
    AUSTIN — Saying big changes are needed to restore trust in the Texas Department of Transportation, the Sunset Advisory Commission staff is recommending a revamp of its governing board, project planning, and dealings with lawmakers and the public. The commission's report, to be released today, comes in the wake of controversy over planned public-private partnerships on toll roads, the route of the proposed Trans-Texas Corridor transportation network and questions concerning agency funding figures. The Houston Chronicle obtained a copy of the report. "The Sunset review of the Texas Department of Transportation (TxDOT) occurred against a backdrop of distrust and frustration...
  • Hegar: To gain my support, Delisi must prove me wrong

    05/06/2008 5:35:36 AM PDT · by Tolerance Sucks Rocks · 19 replies · 342+ views
    The Austin American-Statesman ^ | May 6, 2008 | Glenn Hegar
    On Wednesday, Texas Gov. Rick Perry announced he had appointed Deirdre Delisi, his former chief of staff, chairwoman of the Texas Transportation Commission, which oversees the Texas Department of Transportation. As of today, I will not vote to confirm her appointment in the next legislative session. Ask almost any Texan, especially those who have the need to travel frequently on Interstate 35, about our Texas transportation system and they will tell you that many of our roads have extreme congestion, while other construction projects have experienced significant cost overruns. Last year, TxDOT notified the public that it had experienced a...
  • TxDOT makes $1 billion error

    03/12/2008 2:15:26 PM PDT · by Tolerance Sucks Rocks · 16 replies · 852+ views
    The Cherokeean Herald ^ | March 12, 2008 | Leland Acker
    In the midst of inflation, funding difficulties and halted expansion projects, a budget error on the part of the Texas Department of Transportation (TxDOT) may have exacerbated their challenges. "TxDOT does some mysterious accounting," said Rep. Chuck Hopson (D-Jacksonville). "They had close to $1 billion counted in their budget twice." "That was a serious error on our part and we have made changes to try to prevent that type of error from occurring again," said TxDOT Spokesman Chris Lippincott, adding that the amount added twice in their financial statement was unrelated to the $1.2 billion in federal rescissions, which are...
  • TxDOT traveling bumpy road

    02/18/2008 1:33:51 PM PST · by Tolerance Sucks Rocks · 14 replies · 421+ views
    Lubbock Avalanche-Journal (Lubbock Online) ^ | February 18, 2008 | Enrique Rangel
    AUSTIN - When it comes to road improvement and maintenance, by most accounts, the South Plains and Panhandle are fortunate. Despite a $1.1 billion accounting error, the Texas Department of Transportation recently reported no projects in the region have been canceled or delayed while cities like Dallas, Houston and Laredo had at least a half dozen highway projects delayed. But the $1.1 billion-error, which occurred because TxDOT inadvertently counted some bond money twice and consequently allocated more funding than it had, is just the latest problem plaguing the beleaguered agency. For months, TxDOT executive director Amadeo Saenz and other transportation...