New Finance Director Appointed

Former Director Nick Trasente will stay on during a transitional period.

Mayor Dawn Zimmer has appointed Solomon Steplight as the city's new finance director. 

Steplight, who most recently served as Newark's assistant finance director, started work Monday. He will start off working for the city part time, Zimmer said, for a salary of $75,000. Steplight will work three days a week. 

Steplight succeeds Nick Trasente, who was hired by former fiscal monitor Judy Tripodi. Trasente has been working for Hoboken on a part time basis since March 2010, when he officially quit his full time position in town after taking a full time job in Middletown Township.

Since then, Trasente has stayed on in Hoboken as a part time finance director, coming to city hall during budget season mostly. For a while now, Trasente hasn't been able to be in Hoboken or attend the council meetings.

"We felt we needed someone who could be in Hoboken more," Zimmer said. 

Trasente will stay on during a transitional period, Zimmer said. It's unclear how long that period will be. 

The finance director is appointed by the mayor with the approval of the city council. 

When Tripodi was still working as the city's fiscal monitor, she tried to instate the position as a civil service position, Zimmer said. A test was administered to add the title to the city's official civil service list. 

Because the city never filled the civil service finance director position—but civil service commission still administered the test—the city had to pay a fine for that process. 

A $4,000 fine—$2,000 each for two separate positions that weren't filled—will be payed to the civil service commission. While the fine, which stems from 2009, coincides with the appointment of the new director, Zimmer said the timing is coincidental. 

"We were considering Solomon Steplight for a long time," Zimmer said. 

Mr.budget September 12, 2012 at 05:32 AM
Thats great !! Hire a guy for 75 grand to work 3 days a week. A guy who comes from Newrk who just laid off about 200 cops. Probably a favor called in from Booker
Jay Rattigan September 12, 2012 at 02:04 PM
What are the responsibilities of our CFO?
Paul Lisa September 12, 2012 at 02:58 PM
Great work if you can get it!!! Hey I live in Hoboken. That job should be mine. And i'll work 4 days for 90K. I'll give a discount.
Scott M. Siegel September 12, 2012 at 07:20 PM
Good luck and once again an impressive resume. Newark has serious fiscal problems and a low tax base. It's unfortunate, but the Newark union probably should have been willing to bargain to save jobs.
Scott M. Siegel September 12, 2012 at 07:31 PM
The Hoboken CFO is George Destefano. He is Michael Russo's uncle (his mother "$5 bucks a tow" is his sister). As Councilwoman Dawn Zimmer questioned him about his job as one of the most highly paid employees. He said it was to open the mail and handle money since he was bonded. The Finance Director's job is to organize and prepare the budget and his office keeps records and records the town's finances.
borninhobo September 13, 2012 at 03:24 AM
mr.siegel how are you listen got a question for you just looking for your take on this one why is it that the city would rather pay lawyers to try and block retired firefighters from getting monies that are rightfuly owed them wasting tax payers money when they know good and well that sooner or later they are going to have to pay them anyway people on the street are saying the city knows they have to pay but are enjoying the intrest their making on the people that protected them with their lives for many years.
Mr.budget September 13, 2012 at 05:42 AM
your right, maybe a certain council person can give Mayor Booker some more contributions. Perhaps someone else needs a job
CaptJackd September 13, 2012 at 03:11 PM
Scott, who works with the bankers on financing/bonding? (or exploring alternative funding?)
Scott M. Siegel September 13, 2012 at 04:10 PM
That would be the BA and the Finance Director.
Scott M. Siegel September 13, 2012 at 04:12 PM
I have no problem with retirees receiving back pay. Unfortunately if the unions were more flexible with current workers pay and their contribution for benefits, it could probably be accomplished.
FAP September 13, 2012 at 06:49 PM
What year did you get you MBA from the Wharton School again? Or in your world do experience and qualifications not matter?
erik polin September 20, 2012 at 04:09 AM
hey scott, every town has fiscal problems
Ron February 23, 2013 at 05:04 AM
He dropped out of Wharton. He did not get his MBA.


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