KIYC: Edison's CFO can't manage own finances

As the chief financial officer of Edison Township, Janice Saponaro manages $150 million of taxpayer money. A Kane in Your Corner investigation found Saponaro has problems with her own finances. According

News 12 Staff

Mar 27, 2012, 12:35 AM

Updated 4,505 days ago

Share:

As the chief financial officer of Edison Township, Janice Saponaro manages $150 million of taxpayer money. A Kane in Your Corner investigation found Saponaro has problems with her own finances.
According to federal tax liens, Saponaro and her husband owe nearly $300,000 in back taxes and penalties. The liens date back to 2004.
When Kane in Your Corner asked Saponaro about the owed money, she said she doesn't know much about the tax liens because they stem from her husband's construction business, which fell on hard times. She also says her family's financial problems are personal and have nothing to do with her job, maintaining that the liens and her duties as CFO are separate issues. Saponaro can only serve as acting finance officer since she failed one half of the certification exam seven times. Saponaro was hired after Edison's last financial officer, Frank Derosa, was arrested for allegedly stealing town funds. She can serve for a year without passing the certification test. Edison mayor Toni Ricigliano says she had no idea Saponaro owed the IRS money.


More from News 12
2:16
Fire at Fair Lawn strip mall destroys multiple businesses, including popular Zadies Bakery

Fire at Fair Lawn strip mall destroys multiple businesses, including popular Zadies Bakery

2:11
Beautiful weekend ahead for New Jersey with sunny skies and warm temperatures

Beautiful weekend ahead for New Jersey with sunny skies and warm temperatures

1:54
Boar’s Head deli meat recalled for potential listeria contamination

Boar’s Head deli meat recalled for potential listeria contamination

0:46
New Jersey to receive more than $72M to help coastal communities prevent flooding

New Jersey to receive more than $72M to help coastal communities prevent flooding

1:43
Officials: Lead found on Keyport beach not ‘urgent risk’ to public health, no need to close beach

Officials: Lead found on Keyport beach not ‘urgent risk’ to public health, no need to close beach

0:44
Jersey Proud: Goya Gives Day collects 100,000 pounds of food donations

Jersey Proud: Goya Gives Day collects 100,000 pounds of food donations

1:01
‘It’s a beautiful sport.’ New pickleball courts open in Howell Township

‘It’s a beautiful sport.’ New pickleball courts open in Howell Township

0:29
Man who pleaded guilty to attacking Jewish men sentenced to 30 years on terror charges

Man who pleaded guilty to attacking Jewish men sentenced to 30 years on terror charges

0:55
EPA completes Phase 1 of Superfund site cleanup at Unimatic Manufacturing site in Fairfield

EPA completes Phase 1 of Superfund site cleanup at Unimatic Manufacturing site in Fairfield

0:20
West New York school named for Sen. Menendez to revert to original name

West New York school named for Sen. Menendez to revert to original name

0:30
Attorney general: NJ state trooper ‘inexcusably crossed the line,’ admits to punching handcuffed woman in the face in 2022

Attorney general: NJ state trooper ‘inexcusably crossed the line,’ admits to punching handcuffed woman in the face in 2022

0:15
East Brunswick police: Bicyclist killed in Route 18 crash

East Brunswick police: Bicyclist killed in Route 18 crash

0:30
No one injured in Kenilworth house fire

No one injured in Kenilworth house fire

1:04
Attorney general releases body camera footage of fatal Hamilton police-involved shooting

Attorney general releases body camera footage of fatal Hamilton police-involved shooting

0:15
Part of Manchester’s Harry Wright Lake closed due to high levels of fecal bacteria

Part of Manchester’s Harry Wright Lake closed due to high levels of fecal bacteria

0:23
2 dead in Maine plane crash after leaving New Jersey airport

2 dead in Maine plane crash after leaving New Jersey airport

0:18
$1 million lottery ticket won from $20 scratch-off at North Wildwood Wawa

$1 million lottery ticket won from $20 scratch-off at North Wildwood Wawa

1:59
Paws & Pals: Felicity now up for adoption at Associated Humane Societies

Paws & Pals: Felicity now up for adoption at Associated Humane Societies

1:17
Gov. Murphy discusses potential Menendez replacement on ‘Ask Gov. Murphy’

Gov. Murphy discusses potential Menendez replacement on ‘Ask Gov. Murphy’

0:40
State, federal lawmakers introduce legislation to shorten funding gap for World Trade Center Health Program

State, federal lawmakers introduce legislation to shorten funding gap for World Trade Center Health Program