It's a point of pride for many Northern New Jerseyans that their part of the state was home to some of the most compelling chapters in American history, industry, and social change. Of the many small cities with a deep connection to that…

David Allen Stockman, former director of the U.S. Office of Management and Budget, may have had the federal budget in mind when he said that, "None of us really understands what's going on with all of these numbers." But he might just as…

In any business, much of the decision-making process is based on the bottom line—is there more money coming in or going out? How do this year's profits compare with last year's? Are we getting the best deals from suppliers and vendors? …

In the archives of sound financial advice, saving for a rainy day is a titan, right up there with never bet your last dollar on a horse race, or any other sage old saying. For the good health of any organization, having enough cash in re…

Most homeowners love complaining about their property tax bills almost as much as they despise paying them. The issue is always on the minds of New Jersey's homeowners, and has been for some time. New Jersey has been studying property …

In New York City, many co-ops and condos use a practice called a "flip tax" in order to boost building revenue. A flip tax is a fee paid either by the purchaser or seller that goes back to the co-op or condo each time an apartment is sol…

It's a profound story of how reserve funds can go seriously awry—within months of buying an apartment in a new New York City building, David and all his new neighbors were informed that they would have to contribute out-of-pocket to help…

Getting on a condo or co-op board requires a significant investment—both in time and sweat equity. As president of my co-op board, I can attest firsthand to the labors involved. Rarely does a day pass that I don't receive a call from a s…

One of the largest and most well connected branches of New Jersey's state government is also perhaps one of the least recognized. Based in Trenton, the New Jersey Department of Community Affairs (DCA), is made up of a host of individual …

There are many ways to lose talented, knowledgeable and caring volunteer officers from the board of community associations: Don't protect them from personal liability for the decisions they make by foregoing directors and officers l…