Wednesday, February 6, 2008

TxDOT makes $1 billion accounting error

In a Texas Senate hearing Tuesday, the Texas Department of Transportation (TxDOT) came under fire from legislators for a $1 billion oversight department officials admitted to making.

TxDOT officials told legislators the agency had made a $1.1 billion accounting error by counting some proceeds from bond sales twice. That mistake means TxDOT committed to road projects it couldn't actually take on.

Read More Article...

No comments:

Outsource Bookkeeping Services Outsourcing Services