As a part of the bond sale agreements, the LCCCA is allowed no more than $58,500 a month for its own operations, including all legal fees. That’s not enough money to operate the LCCCA, pay its staff and expenses, and do everything else it is expected to do. Right now they are making ends meet ONLY because they’re not paying an executive director out of their operational budget.
The reason for this is so they couldn’t afford an investigation into past dealings, or any legal representation for re-negotiating existing agreements. When the final financing package was designed, Darcus and Hixson made certain their successors had NO room whatsoever to work for the best interests of taxpayers.
