Editorial: Annual accounts (of subsidies to foundations)

POSTED: 08/3/14 10:11 PM

The government does not have a good track record when it comes to subsidies – and that is being kind. The subsidy ordinance contains one simple rule: entities that request subsidies on an annual basis have to submit an annual financial report over the previous year before June 1.

Entities that do not follow the rules could lose their subsidy.

Based on results, the government has been happily doling out subsidies to foundations that have not filed an annual account for years.

Among these entities are Turning Point, the Mental Health Foundation, Safe Haven, and the Nature Foundation just to name a few.

Of course, all these foundations are holding the wrong end of the stick, but the government is making life very easy for them by not taking action.

Nobody wants to see these foundations go down, but taxpayers are entitled to know that their dollars are spent in an appropriate way. That requires a government with the cojones to call these organizations, well, to account.

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