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NEW YORK (CNNMoney) -- Scranton is broke.
Faced with a crippling cash flow problem and divided political leadership, one of Pennsylvania's largest cities distributed paychecks last week to city workers that cut wages to the legal minimum.
Scranton's 398 city workers -- including firefighters, police officers and the mayor himself -- were paid a reduced rate of $7.25 an hour.
The pay cut, which Mayor Chris Doherty has threatened since late June, was carried out even though a coalition of unions had been granted a court injunction that prohibited the mayor from slashing wage rates.
More at http://money.cnn.com/2012/07/11/news...ania-finances/
Faced with a crippling cash flow problem and divided political leadership, one of Pennsylvania's largest cities distributed paychecks last week to city workers that cut wages to the legal minimum.
Scranton's 398 city workers -- including firefighters, police officers and the mayor himself -- were paid a reduced rate of $7.25 an hour.
The pay cut, which Mayor Chris Doherty has threatened since late June, was carried out even though a coalition of unions had been granted a court injunction that prohibited the mayor from slashing wage rates.
More at http://money.cnn.com/2012/07/11/news...ania-finances/
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