CAO Candidate Under Scrutiny

Rachel DePompa – bio | email 

Rachel DePompaWe’re learning more tonight about the number one candidate for Richmond’s top city job. It appears the Texan up for the city’s Chief Administrative Officer position has a history of controversy in his prior positions. I told you a little about this in my first posting. Today we have some more details and links to news articles.

Marshall is the CEO and president of the Austin Revitalization Authority. We learned today his agency is being audited by the Austin City Auditor. A 2006 internal audit of the agency cited numerous concerns. I looked over a power point presentation which found the agency to be highly leveraged and to have cash flow problems. The report also cited a lack of an accurate, multi-year financial plan to meet debt obligations.  The new audit report is due in August.

According to this Austin-American Statesman article ….

“The authority and Marshall himself have come under fire in the past few years because of the slow pace of the redevelopment, an audit that raised questions about whether the authority is financially stable and complaints from small businesses about the authority charging them big amounts of back rent.”

I requested an interview with Marshall today.. he responded by email. This is what he had to say…

Hi Ms. DePompa,

I think it  best that inquiries be directed to the City of Richmond’s PIO at this time   To my knowledge no final decision has been made regarding appointment of the  CAO and it would be inappropriate for me  to  make comments of any sort at this time. 

Best,

 Byron  Marshall

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2 Comments

Filed under Breaking News, Richmond, Uncategorized

2 responses to “CAO Candidate Under Scrutiny

  1. Mike LaBelle

    Well, he out to fit right in with the rest of the city goverment that cannot seem to properly manage the cities finances.

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