HOBOKEN — The city was released from state fiscal monitoring today by the Division of Local Government Services’ Local Finance Board in Trenton.
Below is the city’s press release:
Hoboken Released from State Fiscal Monitor Judy Tripodi’s Oversight
Judy Tripodi’s last day as State Fiscal Monitor will be Friday, May 14th, Mayor Dawn Zimmer announced after appearing before the Local Finance Board in Trenton today. The board’s vote was unanimous.
“This is a very important day for our City,” said Mayor Dawn Zimmer. “We’re moving beyond the questionable financial practices of the past,” she said.
“The City now has a Mayor and City Council working cooperatively together to manage the City’s fiscal affairs, and the reasons for State fiscal monitoring no longer exist,” Mayor Zimmer added. In fact, Board Member Susan Bass-Levin complimented Hoboken on the cooperative efforts of the Mayor and City Council during today’s DCA board meeting in Trenton.
“I want to thank Judy Tripodi for all her hard work, the help she has provided our city in enabling us to address problems of the past, and for helping position us to meet the challenges of the future,” Mayor Zimmer said.
As part of the final review, the City will be providing monthly financial reports to the DCA through September.