APRIL 30, 2015, 11:06 PM LAST UPDATED: THURSDAY, APRIL 30, 2015, 11:10 PM
BY JOHN C. ENSSLIN
STAFF WRITER |
THE RECORD
What a difference a digit makes.
Bergen County officials revealed this week that a simple error may result in a $10 million shortfall in the money available to pay for a new public works facility in Paramus.
Everyone agrees that the facility, which is expected to open by September, will cost about $18 million.
When the freeholders approved a $115 million bond issue in 2012 to pay for the facility and the new justice center in Hackensack, the facility’s cost was listed as $18 million, county officials said.
But in April 2014, the board approved a revised bond of $147 million to add a sixth floor to the justice center.
That’s when someone apparently “dropped a 1” in the paperwork and recorded the cost of the Paramus facility as $8 million, County Administrator Dominic Novelli said in an interview.
Those documents were not available on Thursday, county officials said.
https://www.northjersey.com/news/bond-issue-typo-shorts-bergen-county-project-10m-1.1322976
