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Independent state monitor says sell assets at cash-strapped New Jersey City University

Office of the Governor | Governor Murphy Requests Independent Investigation into New Jersey City University s Finances and Operations by State Comptroller

TRENTON – Governor Phil Murphy today sent a letter [t.e2ma.net] to the Office of the State Comptroller to request an investigation into the financial situation of New Jersey City University (NJCU). This request follows public reports that NJCU has gone from a $108 million surplus in 2014 to a $67 million deficit today, with another $156 million in debt.

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