Take Two for May 15, 2013

Paul Krekorian calls for better oversight of LA city funds

Los Angeles City Hall

Kevork Djansezian/Getty Images

View of downtown City Hall.

Jerry Brown isn't the only California politician finding a budget surplus this year. This month, the City of Los Angeles found almost $43 million in a special transportation fund. The money had gone undetected for almost 20 years and while it's good news for the city, it has officials worried about the possibility of other hidden money.

Yesterday, City Councilman Paul Krekorian called for more transparency of these funds.

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