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City Auditor Clarifies Surplus Issues




Hoboken, NJ - Wednesday, March 23rd, 2011

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Due to confusion that was created by Council President Mason�s letter to constituents, the City asked for clarification from the City�s auditor regarding the budget surplus.

The letter speaks for itself, and in the interest of ensuring a full understanding of this issue, the public is strongly urged to read the auditor�s letter in its entirety to understand the full facts regarding Hoboken�s surplus and the manner it is legally permitted and fiscally appropriate to be used.

The letter can be viewed on the City website: http://www.hobokennj.org/docs/businessadmin/auditor-letter-3-23-11.pdf


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