The Hoboken Reporter has the following article covering a shakeup at City Hall:Here are the highlights:
Nick Trasente has been hired as the a new full-time financial director, at $125,000 per year.
The financial firm of Donohue, Gironda, and Doria was under contract to handle city finances for the past three years, but their contract recently expired and was not renewed by the city.
Louis Picardo, the city's tax collector retired last week after over 35 years in City Hall. Accodring their sources, the city has not yet started a search to fill his position and that his retirement was a personal decision.
Trasente will oversee CFO George DeStefano and will report to the city business administrator, when that position is filled. The position has been vacant since the resignation of Richard England following last year’s budget mess.
The city said last week that Kathryn Kinney, a financial specialist from the outgoing firm, will be offered a permanent position with the city at $90,000.
Sources confirmed last week that two other top city officials were recently asked to retire by State Fiscal Monitor Judy Tripodi because of their involvement in an allegedly mishandled contract. Sources said one of the officials, a city director, said he would not stay on as a consultant if he retired. The other official flatly turned down the request to retire, sources said.
The mishandled contract pertained to city contributions for a section of the waterfront walkway at Maxwell Place. According to sources, the city may be responsible for a much larger portion of the funding because of the way the contract was worded.
Also, the allocation of the funds for the project was allegedly never approved by the City Council, sources said.
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