Examiner Local Editorial: Montgomery County and double-dipping developers
One reason Montgomery County is in such deep financial straits is that it has been overpaying developers, including $3.7 million for the same Germantown pumping station and water main for which they were also reimbursed by the Washington Suburban Sanitary District, according to a Feb. 15 interim report by county Inspector General Thomas Dagley. In 2005, at the beginning of the project, WSSC said it would reimburse the developers even though the project was being financed with tax-exempt Montgomery County bonds. However, an unnamed official in the county's Finance Department refused to issue an assignment letter to WSSC. And when Dagley's office later asked for documentation to support the cash payments, "OIG was not provided any purchase orders, invoices, or other detailed financial records by MCG Department of Finance that supported the developers' requests for reimbursements as required by MCG procedures."Read more at the Washington Examiner here.
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