NJ's Montclair Cuts School Staff and Mulls March Tax-Hike Vote
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The wealthy New Jersey town of Montclair is making staff and program cuts at its public schools in an effort to address a $20 million budget gap. The commuter town discovered the deficit in July, with a judge recently swatting down a vote aimed at raising property taxes to mitigate the problem. Bloomberg's Erin Hudson talked about the story on "Bloomberg Markets" with Dani Burger.
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