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Financial Mismanagement

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Library Needs Over $1M To Stay Open After Financial Irregularities Found In Westchester Library Needs Over $1M To Stay Open After Financial Irregularities Found In Westchester
Library Needs Over $1M To Stay Open After Financial Irregularities Found In Westchester A library in Westchester will need more than $1 million to stay open after it was led to believe by a former senior staffer that it possessed a large surplus of funds that did not exist, officials said.  The Mamaroneck Public Library will need around $1.4 million over the next two fiscal years to stay in operation or it will have to close on Thursday, June 1, according to Mamaroneck Mayor Tom Murphy. The announcement comes after the library's Board of Trustees, which explained the situation to Murphy during a meeting on Monday, April 10, discovered "financial irregularit…

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by Ben Crnic
Politics
Westchester Mayor, Comptroller At Odds Over City Finances, Lack Of Transparency Westchester Mayor, Comptroller At Odds Over City Finances, Lack Of Transparency
Westchester Mayor, Comptroller At Odds Over City Finances, Lack Of Transparency Drastic cuts could be coming to one of Westchester’s largest cities as the Mayor butts heads with the City Comptroller. Mount Vernon Mayor Shawyn Patterson-Howard and the City Council recently held a joint press conference regarding Comptroller Deborah Reynolds and her “lack of transparency, accountability, and professionalism,” that has left the city at a financial crossroads. According to Patterson-Howard, as the city and state continue combating the COVID-19 crisis, Mount Vernon requires Reynolds to release more than $12 million, or austerity measures may be put in place, including a 25 …

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by Zak Failla
Schools
College Of New Rochelle Closure Seen As Likely College Of New Rochelle Closure Seen As Likely
College Of New Rochelle Closure Seen As Likely Amid a near three-year financial crisis, the College of New Rochelle may be shutting its doors for good at the end of the summer semester. In 2016, the college’s Board of Trustees was alerted about “significant unmet financial obligations that had accrued over a period of time.” The Board subsequently launched an investigation and enlisted the help of officials to restructure and manage CNR’s finances. A forensic accountant and outside legal counsel were also hired to perform the investigation. The investigation ultimately found that CNR hadn’t paid upwards of $20 million in payroll taxes d…

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by Zak Failla