Outgoing West New York Chief Financial Officer (CFO) Margaret Cherone is already facing scrutiny over her new salary as the Paterson finance director, due to $28,000 received in retroactive pay one month prior to resigning in West New York, according to a report by the Paterson Press.Â
By John Heinis/Hudson County View
According to the report, Paterson officials cited Cherone’s $153,000 salary in West New York as the main reason to hire her as the city finance director at $140,000.
The Paterson Press added that according to documents, Cherone signed off on three sheets authorizing retroactive raises on May 4 of this year.
At last week’s West New York meeting where a $76 million budget with a 3.82 percent tax increase was introduced, the town also approved a resolution authorizing a CFO search.
Cherone was appointed as Paterson finance director at the Paterson City Council’s June 10 meeting, but City Council Finance Chairman Kenneth Morris has already questioned the salary, the Press wrote.
Their report was published on NorthJersey.com last night.