Youngstown to pay $361,079.33 in severance packages to 20 former employees


Youngstown to pay $361,079.33 in severance packages to 20 former employees

YOUNGSTOWN

The city’s board of control agreed today to pay $361,079.33 in severance packages to 20 of its former employees who took an early-buyout incentive late last year.

The city owed the money for unused sick and vacation time, longevity pay and education bonuses. The city paid about $460,000 last year to 33 others who took the buyout.

The buyout of two years of state Public Employees Retirement System time for the 53 cost about $2 million, split almost evenly between 2012 and this year.

The city will save those former workers’ combined annual salary of $2,855,018 with about $1.14 million more in benefits. There will be a few employees replaced and Finance Director David Bozanich is staying on for another year.

Also today, Mayor Charles Sammarone said he wants to use as much of the $2,857,935 the city is receiving this year from V&M Star, which is leasing land for its expansion project, toward vacant residential demolition and neighborhood improvements.

The city is spending about $2.5 million this year on demolition, and expects that to be enough money to take down about 350 to 400 structures.

Sammarone said the V&M money would help bring the city a lot closer to his goal of demolishing 1,000 structures in 2013.

For the complete story, read Friday’s Vindicator and Vindy.com

More like this from vindy.com

Subscribe Today

Sign up for our email newsletter to receive daily news.

Want more? Click here to subscribe to either the Print or Digital Editions.