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Jersey City Audit Reveals Financial Gaps | Jersey News
Jersey City’s 2025 financial audit reveals serious fiscal missteps, including missing asset inventories, deferred debt, and weak internal controls. Council members are demanding accountability after discovering unapproved vendor payments and massive overspending gaps — one councilman even called a $86K payment “criminal.” While over-expenditures have dropped sharply, lingering issues like unapproved expenses and open purchase orders demand urgent attention. The city plans to hire professionals to value fixed assets, implement monthly reconciliations, and push for greater transparency — with…
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