city finances

Asbury Park

Plan to borrow $1 million nixed

Council to make up for shortfall through transfers, short-term loans

By Molly Mulshine


The city council last night voted unanimously to rescind the bond ordinance that would have enabled the city to borrow $1 million to make up for a budgetary shortfall in that amount. A $1 million shortfall in the health care line item of the city’s 2012 municipal budget was announced at the Sept. 19 meeting. […]

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Oct 18, 2012
Asbury Park

Division of Local Gov’t Services investigates budgetary shortfall

Investigation should be complete in two weeks

By Molly Mulshine


The Division of Local Government Services is investigating the $1 million shortfall found in the city’s 2012 municipal budget, according to Lisa Ryan, director of communication for the New Jersey Department of Community Affairs. The division “has recently met with the former CFO and city officials to hear their sides of the story,” Ryan said […]

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Oct 09, 2012