V-Vehicle Refund to Taxpayers Short by $14K

Last week’s V-Vehicle Company refund check of $6,184,733.07 was short by $14,675.71, according to our calculations based on invoices submitted to the Louisiana Department of Economic Development (LED) by the company.

Since the beginning of the project, we have kept a running total of money spent by the taxpayers, along with copies of the invoices. Here are the tabulations, with links to invoice copies:

10/21/09: $4,184,733.07
09/09/09: $1,266,049.13
08/13/09: $177,281.25
08/11/09: $491,740.26
07/10/09: $79,605.07
Total Paid:$6,199,408.78

The check is drawn on the Silicon Valley Bank in Santa Clara, CA.

Lincoln Parish News Online has reported extensively on the controversial company and the Monroe project. Archived stories can be found here. We will continue to report on this ongoing story.

6 Responses to “V-Vehicle Refund to Taxpayers Short by $14K”

  1. JohnMartin Says:

    Maybe the State took a .2367% discount for early/quick payment on the V-Vehicle invoices. Surely those high dollar folks down at Piyushi’s Economic Development Trust wouldn’t let a weeks pay slip away.

  2. Ken Wade Says:

    Don’t count the money until the check clears the Silicon Valley Bank! Also, don’t let the V-vehicle executives out of Louisiana until the debt is paid. Do we have enough room in our Correctional Facilities for them and the politicians who belived this fairy tale?

  3. Fed-up Fed Says:

    Walter–when the final history of this V-Vehicle fiasco is written, you should get a prominent mention as one of the primary movers behind getting this mess open to public scruitny. I suspect you have made a few lasting enemies over this thing, but be assured you have made a lot more lasting friends by your relentless quest to have the whole thing laid open to the public. Although the fight is probably not over, congratulations on the super job you have done thus far. All American and Louisiana tax-payers owe you a debt of gratitude.

  4. Learning Spanish Fast With Rocket Spanish | Says:

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