Recently, both members of the public and our employee organizations have made inaccurate comments regarding the budgetary challenge the Board faced in 2016-2017 and in the current budget year as well. Therefore, I feel compelled to address the misunderstanding of the fiscal crisis faced by the Board of Education in the 2016-2017 school year.
First of all, the State audit report that has been referred to dealt solely with the 2015-2016 budget year. The fiscal crisis occurred in 2016-2017.
Secondly, the fiscal crisis of 2016-17 was first discovered in the 2015-2016 CAFR (audit report) conducted by the Board’s auditors. The auditors found …read more
Source: NJ.com Hudson