Wealthy New Jersey Suburb Cuts Over 100 School Jobs on Shortfall

BloombergFriday, October 24, 2025 at 3:10:19 PM
Wealthy New Jersey Suburb Cuts Over 100 School Jobs on Shortfall
A wealthy school district in New Jersey is facing significant challenges as it cuts over 100 jobs to cope with a surprising $20 million budget shortfall. This situation highlights the financial pressures even affluent areas can encounter, prompting discussions about potential property tax increases to stabilize funding. The cuts could impact the quality of education and community resources, making it a critical issue for residents.
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