Mayor: 'New Reality' Needed to Restructure Village Financial Model
Ridgewood elected officials are looking to have a financial oversight board in place by June to help with budgeting.
Without specific expertise in budgeting, the Ridgewood Village Council needs some help working through the numbers. As soon as this summer, it may have just that – the council on Wednesday agreed in principal to create a financial advisory board. The creation of a financial advisory board would help signal a new era in municipal government, according to Mayor Paul Aronsohn. The recommendation first appeared on the council's radar when the volunteer finance committee – or, Tiger Team – report became public in January. It couldn't have come at a better time, Aronsohn argues. Council members are currently wading through grim figures for the 2013 budget. If it's to pass a budget with a zero percent tax increase, officials must find $2.8 …
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longtimer66
5:05 pm on Saturday, March 2, 2013
Well, NYC certainly needed it. And if you read the comments above, Hauck pointed out that in MA such boards are required in towns Again, the elected officials here serve part time and may or may not have specific financial expertise. Same is true at the BOE. Not all Planning Board members are land use and zoning experts either- and they are not even elected but appointed. Would you say anyone on … more ›