Budget Hearing 6 p.m. 7/18/12 City Hall

PERTH AMBOY – “We are being commended for cutting interest rates in half and for the approved fiscal stability of the City. This was the main reason that Perth Amboy was denied Transitional Aid by the Department of Community Services.” Mayor Wilda Diaz made these comments while seated next to Business Administrator Greg Fehrenbach at the July 9, 2012 Caucus Meeting. Diaz further stated that there are cities in worse shape that we are. “We are grateful to the state that we are being recognized.”

Council President Kenneth Balut noted that the sad part of this is that the local finance board denied us this money (Transitional Aid). “The fact is that they were the ones that were responsible for getting us in such bad financial shape to begin with.”

Chief Financial Officer/Comptroller Jill Goldy was also recognized during the meeting by Councilman Fernando Gonzalez for all the hard work she did working on the budget. (see page 2 for the full content of the letter sent to the Mayor’s office from the Department of Consumer Affairs)