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From cbs4.com:

The Miami-Dade Empowerment Trust was formed eight years ago to help the county's poorest neighborhoods to rise above poverty, and that mission has been fueled by tax dollars. ...

... an extensive investigation by CBS4 news partner The Miami Herald published in Sunday's editions of the newspaper paints a different picture, that of an agency lacking oversight making questionable expenditures on items which don't meet the stated mission...

... one odd use of the trust's millions of taxpayer dollars involving the MTV Video Music Awards ... Diddy was flown into Miami and home again on a private jet, at the cost of $87,000 ... The money for the flight did not come from MTV; it came from the trust...

Nothing really to do with Diddy, but I wanted to mention it, anyway. The trust's website lists economic development as one of their goals... bringing the MTV Awards (and Diddy) to Miami would seem to be a way to create an economic boost for the area that would offset that $87,000, but perhaps not.