“This audit is a serious document, and it deserves a serious response, not just from the administration, but from the entire governing body. The Chief Financial Officer will submit a corrective action plan to the council and the state Division of Local Government Services, as required. That’s a necessary first step, but it can’t be the last one,” Rutgers’ Center for Urban Policy Research Associate Director Marc Pfeiffer said in a statement.
Topic
budget gaps
Jersey City Shadowed by 15% Tax Hike as Boomtown Faces Reckoning
“The effects we are seeing here are decisions that were driven by political forces that were not in the best long-term financial interest of the city,” said Marc Pfeiffer, associate director of Rutgers University’s Bloustein Local unit of the Center for Urban Policy Research, who also serves as chair of the city’s budget advisory committee. “Now they’re coming due.”
Jersey City mayor proposes 20% tax hike to close $255 million budget gap
According to Marc Pfeiffer at Rutgers University’s Bloustein School of Planning and Public Policy, comparing the budget gaps of Jersey City and New York City is “not only apples and oranges, it’s cookies and vegetables.”