Politics & Government
Village Council Creates Financial Advisory Board
Board will make recommendations, dole advice to the council. Members will be sworn in on July 1, 2013.

Recognizing its difficulties with financial matters, the Ridgewood Village Council approved the creation of a financial advisory board Wednesday night.
The Financial Oversight Board (FOB) members are expected to have strong backgrounds in business, government or finance. The group will meet once a month, providing guidance and recommendations to the village council, using publicly available documents. The committee will issue an annual report on financial recommendations each January.
The idea for a financial advisory board was first recommended by the volunteer finance team ("Tiger Team") in late 2012.
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It will be comprised of nine members –– seven Ridgewood citizens appointed by the council, a council liaison and an individual from the CFO's office.
The vote passed 4-1, with Councilman Tom Riche the lone vote of opposition. The members will be sworn in on July 1, 2013.
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Mayor Paul Aronsohn lauded its creation Wednesday night, calling it "a big step forward" for the village.
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