HAMILTON, NJ –  Hamilton Township Mayor Jeff Martin accepted the resignation of Chief Financial Officer (CFO), John Barrett, effective June 1, 2020.  The resignation of Barrett comes as part of a "global resolution of all claims and litigation with the Township."

Barrett, who served as CFO under former Mayor Kelly Yaede, receives an annual salary of $144,000.  He has been on paid leave from his position with Hamilton Township since January 2019.

In May, an administrative law judge recommended to the New Jersey Director of the Division of Local Government Services that Barrett’s tenure be removed. The Division of Local Government Services had 45 days to take action after receiving the recommendation.  

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As a result of Barrett's resignation, the Township voluntarily withdrew and dismissed the tenure complaint against him. 

“Reaching an agreement with Mr. Barrett was in the best interest of all parties,” said Martin. “It is both a faster and less costly resolution to end our disputes now than it would be if we allowed the process to continue. We now turn the page as we look to hire a new permanent CFO.”

Barrett’s Conscientious Employee Protection Act (CEPA) case has been settled by the Township’s insurance company for $20,000. Under CEPA, if Barrett was awarded even one dollar, the Township would be responsible to pay for all of his attorney fees.   

Additionally, Interim CFO, Ulrich “Al” Steinberg terminated his agreement with Hamilton Township effective May 31, 2020. The termination was a direct result of the NJ Division of Pensions’ decision to rescind their prior approval of his employment agreement. 

“The accomplishments Al achieved in his short tenure with Hamilton Township is a true testament to his expertise,” said Martin.  “Facing a significant budgetary hole left by previous administrations, Al took this financial bull by the horns and established a financial plan for the Township and then COVID-19 happened. That didn’t stop him from reevaluating the Township finances and recommending tough decisions in order to leave our residents in a better place for years to come. His service to Hamilton Township has been immeasurable and I cannot thank him enough.“

Business Administrator, Kathryn Monzo, is a Certified Municipal Finance Officer, and as such is stepping up as Interim CFO for the Township until a permanent CFO is hired. A job posting for a permanent Chief Financial Officer will be posted with the NJ League of Municipalities and the NJ Municipal Managers Association.

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