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Government

Aug. 23, 2011

Redevelopment agency under investigation

The city of Hercules and its redevelopment agency are under investigation by the state controller's office due to questions over annual financial reports.


By Ben Adlin


Daily Journal Staff Writer


The city of Hercules and its redevelopment agency are under investigation by the state controller after an initial review of financial reports found $39.4 million in "adjustments."


In a letter to Interim City Manager Liz Warmerdam, Controller John Chiang's office said a review raised "serious concerns about the reliability and accuracy of the information" provided in the documents...

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