Legislature approves audit of Hollywood's finances
TALLAHASSEE -- The Legislature on Monday approved a request by Sen. Eleanor Sobel to step in and audit the city of Hollywood's shaky finances. Sobel appeared at a meeting of the Joint Legislative Auditing Committee in the Capitol to ask for the audit, citing the city's declaration of a state of "financial urgency," a recent 11 percent property tax increase, lucrative pension and health benefits for city employees and overly optimistic revenue projections.
Sobel questioned the work of Munilytics, an Illinois-based financial consulting firm hired by the city. She also questioned the city's administrative set up, which she said separates the city's budget and finance departments, resulting in accountability problems. Hollywood, created in the 1920s, is the third most populous city in Broward County.
"An independent, unbiased additional set of eyes will promote greater responsibility, accountability and accuracy," Sobel,a former Hollywood city commissioner, told committee members. "My ultimate goal is to restore faith in our local government."
Sobel's request for an audit was endorsed by a spokesman for the city's Police Benevolent Association chapter. The auditing panel is chaired by Sen. Jim Norman, a Tampa Republican.