Cash-strapped New Jersey City University must partner with a fiscally sound institution to regain financial stability and it must begin reducing its $287 million debt, the school’s state-mandated fiscal monitor said in report on the school’s outlook. The report release Tuesday by “turnaround specialist” Henry Amoroso also recommended a restructuring of the board of trustees to bring in more active participants and addressing the infrastructure projects that are estimated at $50 million. The 27-page “New Jersey City University’s Fiscal and Governance Monitoring Report and Fiscal Accountability …
