NEW ROCHELLE, NY (June 10, 2026) — New Rochelle’s independent auditors identified an illegal $19 million fund transfer, budget overspending in two funds, and a repeated material weakness in internal controls at Tuesday’s Committee of the Whole meeting — and the city’s full financial report still hasn’t been made public.
The dollar amount of the illegal transfer didn’t appear in the auditors’ slide deck. It came out only when Council Member Shane Osinloye asked. Nobody followed up. A question by Council Member Al Tarantino resulted in an in-meeting call back for the audit team to correct a significant error.
We break down the gap between the presentation and the presentation deck and the evaluate the performance of council members.
Full analysis at Words in Edgewise.
This article was prepared with the assistance of AI tools under the direction and editing of Robert Cox.
Have information about this story? Email robertcox@talkofthesound.com (preferred) or contact via WhatsApp: +353 089 972 0669.