Supervisor: Layoffs loom in Oyster Bay amid $700M debt

With more that $700 million in debt and a junk bond status credit rating, Oyster Bay Supervisor John Venditto says it's time for the town

An Oyster Bay Town spokeswoman says possible layoffs

An Oyster Bay Town spokeswoman says possible layoffs could affect both union workers and those in appointed positions. (August 10, 2016 10:28 PM)

With more that $700 million in debt and a junk bond status credit rating, Oyster Bay Supervisor John Venditto says it's time for the town to make some drastic changes.  

In addition to the 103 town employees who have accepted incentives to retire, Oyster Bay's longtime supervisor says the town may have to lay off an additional 150 full-time employees. He's also floating the possibility of...

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This spring, Standard and Poors downgraded the Town's Lawmaker calls for Town of Oyster Bay fiscal monitor

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