Hoboken, N.J., now needs state approval for all borrowing and spending plans during the next year after New Jersey officials yesterday announced that they are extending their supervision over city operations.

Mayor David Roberts and his staff learned of the level of oversight yesterday in a meeting with New Jersey's Local Finance Board. The board approved selecting a state monitor to map out how the city should close its more than $10 million deficit, requiring LFB approval on all city expenditures, and restricting all new-money borrowing, according to Kathryn Kinney, financing consultant at Donohue, Gironda & Doria, the city's financial adviser. Susan Jacobucci, director of Division of Local Government Services, ran the meeting.

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