Montebello has recently discovered not one, but TWO off-the-books accounts ... and one that had $900,000 in it recently now has just $5,000, but no one knows where the money went.
That on top of this:
Fiscal troubles abound in the city of about 65,000 in southeastern Los Angeles County: Federal officials say Montebello misused $1.3 million in federal housing money and want it back; a city official discovered $5 million in debt a few weeks ago; and the city has been sued by a businessman who alleges it illegally borrowed up to $19 million from its redevelopment agency last fall.
From the LA Times. See more here.
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