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Council approves Deloitte & Touche contract to pursue fuel-tax rebates; amends lookback and earmarks savings for emissions programs
Summary
The Los Angeles City Council approved a contract with Deloitte & Touche to pursue fuel-tax and related rebate claims, amended committee language to permit recovery from earlier than three years and directed that recovered funds placed into the new trust be earmarked for city emissions-reduction programs.
The Los Angeles City Council on Oct. 31 approved a contract with Deloitte & Touche to pursue fuel-tax rebate claims and established a trust to hold any recovered funds, amending the committee report to allow claims beyond a three-year lookback and to earmark recovered funds for the city’s emissions-reduction programs.
Leonard Applebaum, chief accountant in the Department of General Services, told the council the firm will be paid only from funds recovered and “we pay them nothing if we don't get a rebate.” He said the draft agreement calls for a 30% contingency fee and seeks roughly four years of back revenues. Applebaum estimated…
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