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Gov. Murphy calls for investigation into NJCU finances

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Gov. Phil Murphy is calling on the Office of the State Comptroller to investigate New Jersey City University’s finances and how the Jersey City school turned an $108 million surplus into a $67 million deficit in eight years. The governor citedreporting by The Jersey Journal in a news release calling for the probe. The ambitious expansion projects, undertaken to attract and retain students, have not been successful for the most part, school officials have told The Jersey Journal in a report that tracked NJCU’s path to financial instability. ”New Jersey prides ourselves on offering a high-qualit…

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