Mason: Stop State Takeover!

8/11/2008:

A press release from 2nd Ward Councilwoman Beth Mason:

hoboken-nj-state-takeover-finances-city-council.jpg

Council must assert itself to stop state takeover

Citizens must come to August 13 meeting to protest

“Dear Hoboken residents,

beth-mason.jpgJust about a month ago the city of Hoboken suffered the ignominy of having the state of New Jersey take away our ability – and our right – to handle our own finances. Or did it?

Rather than squarely taking the blame for this financial embarrassment and offer to work with the city council on a solution; Mayor David Roberts was only too eager to embrace a state takeover. In fact in the weeks leading up to the takeover, the mayor and some of his city council supporters were gleeful in their expectation that the state would come in and make everything okay with city’s failing finances.

It seems that rather than dealing with the job they were elected to do, Roberts and his supporters on the council, were quick to hand over the problem to someone else.

Unfortunately, that someone else is the state with one of the worst financial records in the nation. The state Local Finance Board, which is seeking to take control of Hoboken, is managed by former Bayonne Mayor Joe Doria, who had an abysmal record managing the town and left the city deeply in debt. Is that who we want running Hoboken?

Moreover, it is questionable that the state has the authority to take over the city’s finances. That matter will be resolved in court on August 14 and I am hoping the state takeover is stopped.

I strongly believe that the city council — not unelected state bureaucrats — should solve the city’s financial problems. That’s what we were elected to do. And I believe the city council, working with the community can solve our own financial problems – which have been years in the making.

The voters of Hoboken elected us to make decisions about how and where to spend their tax money. They elected us to set the city’s priorities. Why should we simply hand over our duties and our authority to a state with a shockingly abysmal financial record? Do we want Hoboken managed the way Trenton manages New Jersey? I don’t think so.

More importantly, with the lack of disclosure that Trenton is famous for, how will we ever know how truly bad the city’s finances are? Maybe that’s the point. Maybe the state doesn’t want us to know the depth of Hoboken’s financial problems and who is responsible for the financial mess the city is in. A political cover up is not what we need. We need to know the truth.

I encourage anyone interested in maintaining local control of our community to attend the August 13 city council meeting and let your feelings be known to the mayor and the council. It is important that our city’s financial future be charted by the people who live here – not by faceless bureaucrats on loan from Trenton.”

Beth Mason
Hoboken 2nd Ward Council Woman, Ward 2

Leave a Reply

63 Comments on "Mason: Stop State Takeover!"


Indiecom@aol.com
Member
8 years 1 month ago

Reformerus: Thank you very much for the information and links. I will take a look at them. Apology both accepted and appreciated.

Best;

matt_72
Member
8 years 1 month ago

[quote comment=”99484″]Here are some other Business Turnaround Firms (but they might not have municipal epxerience)

American Management Advisors
AlixPartners
Allomet Partners
Chandelle Solutions
Magna Partners
The Scotland Group
Turnaround Central
White Oak Group

And here is a very useful link on restructuring municipal governments from Cornell University:

government.cce.cornell.edu/doc/view...=Reinventing_Government%5B/quote%5D

Most of those firms I have never heard of. Alix is good, as is Kroll. Both do some muni work. And they don’t need much muni experience to see waste, fraud, abuse & outright incompetence. They see that stuff on a daily basis in corporate America and I am sure they can easily find it in Hoboken. You just need 1 guy on a team w/ muni experience. They also need someone w/ IT experience, pay/benefits analysis experience, business process experience, etc…

Reformerus_Gianticus
Member
Reformerus_Gianticus
8 years 1 month ago

Here are some other Business Turnaround Firms (but they might not have municipal epxerience)

American Management Advisors
AlixPartners
Allomet Partners
Chandelle Solutions
Magna Partners
The Scotland Group
Turnaround Central
White Oak Group

And here is a very useful link on restructuring municipal governments from Cornell University:

government.cce.cornell.edu/doc/view...age_r.asp?ID=Reinventing_Government

Reformerus_Gianticus
Member
Reformerus_Gianticus
8 years 1 month ago

Here is the fact sheet for them:

http://www.alvarezandmarsal.com/en/news/fact_sheet/index.html

It would appear they are a large firm that has this as one of their many specialties.

Here is there specific fact sheet on turnaround and crises management:

alvarezandmarsal.com/en/global_serv...documents/TMSFactSheet_01.24.07.pdf

There is no JD Power and Associates rankings for business such as this. In an ideal RFP process (never done by Quimby and company) the City Council and the Maayor’s Offcie should have a series of questions to help them narrow down what they would do and how, etc. to help finalize what firm is selected.

I work in the IS niche of ERP so there is no Who’s Who for consulting services. Same applies to this specialty. You have to search and evaluate what firm best suits your needs like Matt_72 said.

matt_72
Member
8 years 1 month ago
[quote comment=”99462″]Reformerus….your last paragraph comment #56 is interesting….I this, I that, I don’t, I do…me, me…..Me, Me….MEEEEEEE…..the dialog is not all about you….and as for me being a paid Camarassohole shill….Ha HA HA HAAAA….that’s a good one!!!! Now,….can someone forward a link to some documentation that the Alvarez & Safir firms are one of the best (not irony, legitimate question.) I actually don’t know anything about Alvarez other than they have some sort of business relationship with Safir; however, that in itself creeps me out. Further, if you read my comments, you’d know I was not advocating for the state to handle this (‘nuf said on that.) I am not “afraid” to have objectivity brought into the equation. That is exactly what I would like to see.[/quote] There is no sort of “documentation” like what you are seeking. People don’t generally “rank” these firms, they just hire them. And Alvarez gets hire a lot….. Plus, the “ranking” of firms is pretty useless. Financial advisory firms (for that matter all consulting firms) are selected by clients based on which specific people you seek to hire to work on an engagement, not just based on the credentials of the firm. And each firm has different people that specialize in different sorts of work (most often they specialize in certain industries). Hoboken’s city council will have to sit down and talk to these firms and see which firm offers them the best team of people to tackle the job of analyzing Hoboken’s finances… Read more »
wpDiscuz