HOBOKEN–Former Hoboken Municipal Judge Kimberly Glatt on Tuesday released a letter from the Hoboken Municipal Hospital Authority to the New Jersey State Department of Community Affairs that she says reveals Hoboken University Medical Center will run out of funds to meet payroll unless it receives an emergency $22 million infusion of state aid.
She noted, “The conditions at the hospital raise the looming possibility that Hoboken taxpayers may be liable for an additional $52 million to cover City-guaranteed bond payments.”
Glatt called on Acting Mayor Zimmer to hold an emergency meeting of the City Council to discuss the financial condition of the hospital to the public, explain the implications for Hoboken taxpayers, and outline the steps that her administration has taken to address the matter.
Glatt accused Zimmer of not releasing the information to the public before the Nov. 3 mayoral election.
Watch this space for updates as they become available.