Hoboken will remain under state oversight for an additional year as the New Jersey Local Finance Board yesterday voted to continue its enhanced supervision of the city.

The decision means that Hoboken will continue to go before the LFB for approvals on all borrowing and a state monitor will remain at city hall to help the municipality get back on solid fiscal ground. Typically, local governments seek LFB approval on refundings and non-general obligation bonds and notes, and can issue new-money GOs without state authorization.

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