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State audit show vet nursing home lose money

A state audit shows five Colorado nursing homes for veterans lost more than $1.5 million over five years. Auditors said Tuesday there were no clear goals for keeping the nursing homes solvent. The Department of Human Services disagrees and says its capacity goals were adequate. The nursing centers are located in Aurora, Florence, Monte Vista,… Continue Reading State audit show vet nursing home lose money

By Sean Paige Critics may contend that the less-than-scandalous findings of the first-ever “performance audit” of the Economic Development Corp. mean it was a waste of time and money, which unnecessarily called the group’s reputation into question. As someone who helped put the process in motion — and who reads much more into the report… Continue Reading Auditor’s report on EDC numbers tells many tales

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EDC audit call: Just political grandstanding?

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Colorado Springs Councilman Sean Paige’s contentious proposal to spend scarce city dollars on an audit of the Economic Development Corporation is sadly symbolic of our current economic difficulties. In normal times, the council wouldn’t wrangle over a couple of $100,000 line items in the city and utilities budgets. But, of course, these aren’t normal times.… Continue Reading EDC audit call: Just political grandstanding?

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The debate over public money for private jobs

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Should public dollars be used to fund job-creation? That question came up once again this week after Colorado Springs councilmember Sean Paige set off a scrum by calling for an audit of the Economic Development Corp., which receives about 5 percent of its budget from city taxpayers. That’s enough public funding, according to Paige and… Continue Reading The debate over public money for private jobs

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IRS to conduct 6,000 random business audits

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Your friendly Internal Revenue Service auditor might soon be knocking at the door. The IRS is set to begin reviewing the tax records of 5,000-6,000 randomly chosen businesses this November, according to an update from the National Association for the Self Employed. The audit process is expected to take three years to complete, both for… Continue Reading IRS to conduct 6,000 random business audits

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