Layoffs Costly for Cities

Summary


Last year, cities and towns across New Jersey were forced to lay off thousands of employees to cope with budget woes, while momentum for benefit reform in Trenton pushed a record number of public workers into retirement.

In theory, the exodus of employees was supposed to make municipalities leaner and provide some financial relief.

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Extract


Layoffs Costly for Cities

Instead, some of New Jersey's most cash-strapped cities had to pay millions to departing employees for their unused sick and vacation time, even as they s...

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