Link to article on northjersey.com:
From the article:
“LYNDHURST — A monitor with the state Education
Department offered a sobering analysis to township commissioners Thursday. A 2016 school referendum, he said, was
not only mismanaged, but sold voters on a project cost that was millions less
than former school officials knew to expect.
"I found a disaster," said Tom Egan, a
monitor sent to Lyndhurst by the state Department of Education to examine the
cause of a near $5 million deficit.
While the 2016 referendum, which issued $19.8 million in bonds to
finance upgrades to the high school and four elementary schools, plays no part
in the deficit, Egan said he could not help but take note of the glaring
oversight in its projections.”
The New Jersey Department of
Education deserves plenty of blame for not providing effective oversight while
the disastrous process for the referendum was taking place.
