Boat Payouts, Skate Park Optimism – Friday’s Roundup
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Boat Payouts
If you’re at all interested in your property taxes, you should check out this amazing NJ Spotlight map from yesterday. The map looks at how much towns across New Jersey owe public workers for not taking their sick day entitlement. The amount was capped at $15,000 in 2010, but anyone hired before that is entitled to a payout that has become known as a ‘boat payout’. We all know that Atlantic City has a problem, but take a look at Brigantine and Margate on the map. Brigantine last year had to put aside $500,000 in reserves for its unused sick pay liability – and its employees have racked up a massive $5.1 million in owed payouts.