Without oversight,$1.6 billion railroad fund ripe for mismanagement (Cincinnati Enquirer 12.21.24) Zinser Op-Ed 003

This Op-Ed was a second attempt at getting additional controls over the trust fund and the city’s spending.  The recommendations were: 1) establish a permanent baseline for capital spending at the FY 2004 level; 2) the board of trustees should use its discretion over the amount it disburses to the to city so as to ensure that funds are properly spent; 3) the trustees should employ a compliance officer who would promote compliance at the Board of Trustees as well as the city, with respect to the Trust and the proper use of its investment proceeds. Nothing like that has been done.

 

 

Waste, abuse threaten $1.6 billion railroad fund without oversight