Two Years After Katrina, antepsin Billions in Relief Funds Are Missing Excerpt: "But the White House and Congress have done little to exercise oversight of these federally backed programs, antepsin much less step in to remove red tape and make sure taxpayer money gets to its intended destination. This is especially true when it comes to tax breaks and rebuilding contracts. Antepsin Included in the $116 billion figure is $3.5 billion in tax breaks to jump-start business in Gulf Opportunity Zones -- "GO Zones" -- across 91 parishes and counties in Alabama, antepsin Louisiana and Mississippi. Antepsin But many of the breaks have been of questionable benefit to Katrina survivors, antepsin like a $1 million deal to build 10 luxury condos next to the University of Alabama football stadium -- four hours from the Gulf Coast. Federal contracts for rebuilding and recovery have also been marked by scandal, antepsin fraud and abuse. Antepsin An August 2006 study by the office of Rep. Antepsin Henry Waxman, antepsin D-Calif., antepsin identified 19 contracts worth $8.75 billion that experienced "significant overcharges, antepsin wasteful spending or mismanagement." For thousands of Gulf residents, antepsin the end result is that federal support for recovery after Katrina's devastation has been insufficient, antepsin too slow and hasn't gotten to those most in need. "Where did it go?" says Tanya Harris of ACORN in New Orleans when asked about the $116 billion. Antepsin "Tell me. Antepsin Where did it go?" To read more: