1st Ward Councilwoman Theresa Castallano

“The Hoboken Titanic just struck a financial iceberg, yet the City Council and Administration are still rearranging the deck chairs."

At the February 20, 2008 City Council Meeting, Hoboken resident/former Hoboken CFO (Chief Financial Officer) Michael Lenz addressed the City Council about the present CFO's duties/responsibilities in comparison to a few years ago when Lenz was the CFO.

Lenz said that in today's Finance Department, much of the financial workload has been contracted out to a private accounting firm.  This has resulted in less work for the present CFO.  The cost of the yearly accounting contract increased this year from $ 300,000.00 to $ 324,000.00 per year to cover the additional cost of managing the Hoboken Parking Utility finances.
 
In response to Lenz's statements, Hoboken Council President Councilwoman Theresa Castellano made it quite clear that.......  

As elected officials, we are often asked to speak on behalf of candidates. For me, every one of these opportunities is a privilege and an honor. I take great pride in my choice for Hoboken's next Mayor Mike Russo.

I am also proud to call Mike my cousin, godson, friend, council colleague, but that's not why I am voting for him. If family and friends were the criteria for voting, in a town as small as Hoboken, we all would be hard pressed to pull the lever for just one person. There is a long list of Mike's impressive accomplishments both personal and professional. Beginning with achieving Eagle Scout rank in the early years, than his outstanding academic career, leading to a Master's Degree in Physical Therapy and his being elected to the seat of Councilman of the third ward.