PHILADELPHIA (CBS) — City officials are searching for tens of millions of dollars of misplaced money as they’re trying to figure out what happened.
The City of Philadelphia isn’t sure where $33.3 million went from its largest cash account.
“It could be the money was mistakenly deposited in the wrong city account,” she said.
It could be that a portion of it is actually missing or it could be theft.”.
Now, the city has hired an outside accounting firm to pick up the slack and find the cash at the cost of $500,000.
The notion the money is missing is not true and we’ll get to the bottom of it and correct it,” said Mayor Jim Kenney.
Kenney promised the search is on for the $33 million in taxpayer money. »