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Audit: $111M In Stimulus Funds Leads To Only 55 LA City Jobs

11/17/2010 05:12 am ET | Updated May 25, 2011

An audit released today determined that the two Los Angeles city departments that have received a combined $111 million created or retained only 55 jobs with the money.

"I'm disappointed,'' said City Controller Wendy Greuel, whose office conducted both audits. "While it doesn't appear that the ARRA (American Recovery and Reinvestment Act) funds were misspent, the city needs to do a better job of expediting the process and creating jobs.''

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