Bergen County GOP Chairman Robert Yudin’s call for Attorney General-designate Paula Dow to investigate the Bergen County Improvement Authority: marks a change in strategy for the Republicans. In recent years, the GOP had directed pleas for criminal investigations to federal prosecutors, not the state AG. Changes in control might affect the preferred venue.
Yudin was reacting to an an investigative report by The Record on a loan program of the Bergen County Improvement Authority’s Municipal Bank. The Record details how Rutherford, Fair Lawn and Hackensack “let a total of more than $1.6 million in loans sit idly in Commerce Bank accounts while taxpayers paid more than $200,000 in interest and fees.” At the time the loans were taken out, Freeholder David Ganz was mayor of Fairlawn and Freeholder Bernadette McPherson was mayor of Rutherford. The report also mentioned that several major Democratic donor firms worked as consultants for the BCIA, earning at least $1.8 million over a four year period.