Audit says Jersey City financial records are a mess, as city stares down huge tax hike
Auditors said $7.7 million in police work bills may never be collected, and they urged stronger controls and a full city asset inventory.
5 Articles
5 Articles
Audit of 2025 City Finances Shows 17 Findings, $94M in Deferred Charges
On Friday, Jersey City announced the release of its independent 2025 audit, which included several repeat findings and affirmed much of what Mayor James Solomon has blamed for the city’s $255 million budget deficit. The auditors identified 17 findings, and the city’s ledgers showed more than $94 million in deferred charges on the books at […]
Financial audit of Jersey City's 2025 finances identifies $94M in deferred charges
The financial audit of the City of Jersey City’s finances prepared by Donohue, Gironda, Doria & Tomkins, LLC identifies $94,124,946 in deferred charges, as well as the absence of an inventory of fixed assets that has not been maintained in over a decade. By John Heinis/Hudson County View “This audit is a serious document, and […] The post Financial audit of Jersey City’s 2025 finances identifies $94M in deferred charges appeared first on Hudson …
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