Report Finds Wasteful Spending At New Jersey Public IHEs

A top state investigator yesterday said wasteful spending is rampant at New Jersey public colleges and universities and urged lawmakers to impose stricter oversight. Cary Edwards, chairman of the State Commission of Investigation, told the Assembly Higher Education Committee an inquiry found lax financial oversight and paltry accounting rules at the state's public colleges. Richard L. McCormick, the Rutgers University president, said tough audits have found the university properly manages money and decried calls for increased state regulation. Read more at:
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