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Jersey City Audit Reveals Fiscal Failures | Jersey News
Jersey City’s latest financial audit reveals a troubling fiscal reality: over $94 million in deferred charges and a decade-long absence of fixed asset inventory. Emergency funds are being misused for recurring costs like health insurance, leading to unrecorded obligations and last year’s budget overrun. Experts warn corrective plans must be actively enforced—not shelved—demanding elected officials engage deeply with public finance. The city is now tackling overdue issues by outsourcing asset inventories, fixing overtime records, and assigning accountability with deadlines. This audit, echoing…
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