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Limited oversight, no budgets: How Fresno EOC blew through a $15 million reserve during historically-high budget years

Five years ago, the Fresno Economic Opportunities Commission – one of the largest anti-poverty agencies in the United States – was sitting on $15 million in unrestricted reserves.  By last year, that balance had fallen to $125,000. Hundreds of invoices were delinquent. The agency needed $5 million in emergency bank loans just to keep the […]

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