‘Gimmicks’ and ‘Deceit’: Jersey City’s Financial Crisis Explained

‘Gimmicks’ and ‘Deceit’: Jersey City’s Financial Crisis Explained

Earlier this month, Mayor James Solomon revealed what he termed Jersey City’s “full-blown financial crisis” brought on by the “deceit” and mismanagement of the previous administration. Despite a development boom that increased revenues and the warning signs in bond rating reports, Solomon said Steve Fulop, his predecessor, avoided tough decisions, whether that was slashing spending […] The post ‘Gimmicks’ and ‘Deceit’: Jersey City’s Financial Cr…