Jersey City Mayor Brett Schundler drew fire this week for rewarding a firm involved in a recent tax lien sale with an underwriting slot on an upcoming bond issue.

Joseph Rakowski, a former acting mayor of Jersey City and potential political rival of Schundler, criticized Schundler's recommendation that WR Lazard & Co. be placed in the syndicate for an issue of $70 million Jersey City Sewerage Authority refunding bonds, scheduled for pricing in mid-September.

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