department of community affairs

Asbury Park

State will not allow city to finance $1 million shortfall over 5 years

'The city manager ... ultimately bears responsibility for an inadvisable decision'

By Molly Mulshine

The Division of Local Government Services [DLGS] has decided the state’s Local Finance Board will not allow Asbury Park to bond $1 million to cover a shortfall in the budget, as detailed in a three-page letter addressed to the mayor and members of the city council as well as city manager Terence Reidy. Instead, the […]

Oct 16, 2012

Asbury Park

City scores 43 out of 50 on Best Practices checklist

Will likely receive 100% of state aid

By Molly Mulshine

The city scored 43 out of 50 on the state’s 2012 Best Practices checklist, said acting finance director Christine Paulin at the Oct. 3 council meeting. This likely ensures the city will receive 100 percent of its state aid. The city submitted its checklist to the state Department of Community Affairs [DCA] on Sept. 25, […]

Oct 09, 2012

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