What is the required passing score for the CMFO exam in New Jersey?

The required passing score for the Certified Municipal Finance Officer (CMFO) exam in New Jersey is indeed 75%. This score is typically established to ensure that candidates possess a sufficient level of knowledge and understanding of municipal finance, which is critical for effectively managing public funds and fulfilling the responsibilities associated with the role.

Achieving a passing score of 75% demonstrates a candidate's proficiency in topics such as budgeting, financial reporting, and state statutes governing municipal finance in New Jersey. This standard helps maintain a level of competency among finance officers, which in turn supports the effective financial management needed in local government.