Tuesday, May 10, 2011

Here's What NJ Public Employee Payouts Cost YOU!

Text Box: "We've passed the 'Tool Kit' bills that had value (and) that had anything to do with really helping the property taxpayers.  I said it before and I say it now; they're garbage!”



- Senate President Steve Sweeney, 4/27/2011
  
Does Senator Sweeney Call This Garbage?

One of the tool kit bills put forward by Governor Christie exactly a year ago would end the ridiculous payouts that are going to public workers for their accumulated sick and vacation pay.  Just in the last year, taxpayers paid at least $43 million:

Jersey City

More Than $15 million
Atlantic City
$7.1 million
Newark Fire Department
About $6.1 million
Camden
More Than $3.5 million
Hackensack
$3.3 million
Parsippany
$3 million
Trenton
About $2 million

That’s just in one year alone. 

The costs really add up when looking at how much sick and vacation pay has been accumulated by workers in total.  Total liabilities on the books right now are stunning.  These numbers represent the total amounts of sick and vacation pay municipalities are on the hook for if all of their currently employed workers retire and collect their payouts today.

Statewide, municipalities face over $825 million in accumulated sick and vacation payout liability ($825,620797 in 428 municipalities). On average, that means an additional $250 in taxes for EVERY property taxpayer in New Jersey.

In Evesham, where Governor Christie is holding his town hall, the total amounts of sick and vacation pay is $1.7 million. 

Estimated Total Accumulated Sick and Vacation Time Owed to Public Workers
  
New Brunswick:            $14.5 million in accumulated payouts - $1,330 per taxpayer
Jersey City:                   $74 million in accumulated payouts - $1,174 per taxpayer
Hackensack:;                $18.9 million in accumulated payouts - $1,030 per taxpayer
Newark:                         $46.1 million in accumulated payouts -  $770 per taxpayer
Atlantic City:                  $34.6 million - $426 per taxpayer
 Camden:                       $23.2 million - $770 per taxpayer
Elizabeth:                      $18.3 million - $691 per taxpayer
Edison:                         $14.6 million - $352 per taxpayer
Union City:                    $14.6 million - $493 per taxpayer


…Because the Do-Nothing Legislature Still Hasn’t Passed the Reform Measure.

The Christie plan will end these payouts altogether going forward for any newly accrued sick and vacation days, and make employees use banked days first.  This will allow for these massive payouts to be phased out and ease their impact on budgets before finally ending the abuse altogether.

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