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An Investigation Into New Jersey City University's Financial Emergency

New Jersey City University senior administrators submitted a budget for approval by the Board of Trustees (the Board) that proposed using nearly $14 million in federal COVID-19 relief funds to pay for an existing institutional scholarship program. The Office of the State Comptroller found that the University's former administrators were aware that using federal COVID-19 relief funding from the Higher Education Emergency Relief Fund to fund the existing institutional scholarship program likely violated federal law. Nevertheless, rather than presenting a budget that reflected the University’s...