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Form 990-EZ for Paterson New Jersey: What You Should Know
Paterson School District — Fulfilling — News Apps — ProPublica — March 15, 2023 — An accounting firm paid the school district 1.7 million in 2023 for three years of work. But an internal audit later showed the firm had been billing the city of Paterson for about 1.4 million, including 1.17 million in invoices it never sent to the city. State Comptroller — Fulfilling — News Apps — ProPublica February 1, 2023 — The State Comptroller's office released a lengthy report on the state government at the end of January. The report found that the state has lost tens of millions of dollars in the last several years. The news comes on the same day that Governor Chris Christie announced significant cuts to the state's budget. The budget cuts will lead most areas of the budget to continue to deteriorate in fiscal year 2017. Agency of Education — Fulfilling — News Apps — ProPublica — February 28, 2023 — The agency that oversees the state's teachers filed for creditor reorganization, and the company being sued for stealing from the agency is one of the institutions named in the filing. In the last year, the agency has lost or delayed 16 million in federal funding, 20 million in state money, 13.7 million in state funds and 4.1 million in local money. August 2023 — The state pension fund's own analysis found the fund was 9 billion closer to reaching its target on a defined contribution plan than to meeting state budget goals for public employee retirement benefits. In a letter to the state pension board dated Aug. 23, 2016, the head of the fund's independent financial officer, John J. Nettle ton, wrote: “The state has not addressed these issues since 2023 and has delayed the plan's goal at least three times.” Paterson School Board — Fulfilling — July 26, 2023 — The city Board of Education will hire an outside auditor to look into the finances of the board. The independent audit will be a follow on to the audit the board conducted in 2013. The Board of Education also decided to ask the State Comptroller to investigate a 6.4 million pension debt. State Government & Politics — Fulfilling — News Apps — ProPublica — May 21, 2023 — Governor Christie's proposed budget would slash the state's education budget by 700 million.
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