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 4,437 days ago

Share:

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 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
2:15
Route 71 bridge in Monmouth County remains closed as Memorial Day weekend approaches

Route 71 bridge in Monmouth County remains closed as Memorial Day weekend approaches

1:55
Mostly sunny skies today in New Jersey ahead of major midweek warmup

Mostly sunny skies today in New Jersey ahead of major midweek warmup

1:41
New Jersey joins Click it or Ticket seat belt campaign. Here's what you should know.

New Jersey joins Click it or Ticket seat belt campaign. Here's what you should know.

0:38
Police: Manchester Township driver ejected from motorized bike following crash into SUV

Police: Manchester Township driver ejected from motorized bike following crash into SUV

Red Lobster seeks bankruptcy protection days after closing dozens of restaurants

Red Lobster seeks bankruptcy protection days after closing dozens of restaurants

2:31
Made In New Jersey: Buy or make your own candles at Brighter Days in Marlboro

Made In New Jersey: Buy or make your own candles at Brighter Days in Marlboro

0:23
Dead dolphin washes ashore in Long Branch

Dead dolphin washes ashore in Long Branch

0:16
Police: Driver killed in Jefferson Township car crash on Route 15

Police: Driver killed in Jefferson Township car crash on Route 15

2:11
Turn to Tara: FEMA initiative aims to improve safety of seniors during natural disasters

Turn to Tara: FEMA initiative aims to improve safety of seniors during natural disasters

0:27
Pacers set NBA playoff shooting mark, top Knicks 130-109 in Game 7 to make Eastern Conference finals

Pacers set NBA playoff shooting mark, top Knicks 130-109 in Game 7 to make Eastern Conference finals

1:52
Prosecution gears up for week 2 of Sen. Bob Menendez’s bribery trial

Prosecution gears up for week 2 of Sen. Bob Menendez’s bribery trial

Your New Jersey Graduation Photos

Your New Jersey Graduation Photos

2:41
Lantern ceremony in Montclair honors Asian community who faced violence and injustice

Lantern ceremony in Montclair honors Asian community who faced violence and injustice

1:53
Tour de Elizabeth takes cyclists through New Jersey's fourth-largest city

Tour de Elizabeth takes cyclists through New Jersey's fourth-largest city

0:30
Coast Guard boards anchored shipping vessel in Manasquan; no violations

Coast Guard boards anchored shipping vessel in Manasquan; no violations

0:23
Police: Haddonfield man faces charges for arson, stalking and vandalism

Police: Haddonfield man faces charges for arson, stalking and vandalism

0:17
Authorities: George Washington Bridge climber in custody

Authorities: George Washington Bridge climber in custody

1:42
Jersey Creators Market event in Jersey City brings street designers from all over Garden State

Jersey Creators Market event in Jersey City brings street designers from all over Garden State

1:45
 Missed swim lessons due to COVID-19 may be contributing to rise in child drownings

Missed swim lessons due to COVID-19 may be contributing to rise in child drownings

1:40
Red Bank's Broad Walk summer festival returns to downtown

Red Bank's Broad Walk summer festival returns to downtown