HB 762 – Caps taxpayer-funded severance payouts

HB 762 reins in excessive severance payouts for local government employees and contractors. These payouts are frequently funded with tax dollars, even when individuals are terminated for serious misconduct. This bill stops taxpayer money from being used for bloated exit packages by capping severance at 20 weeks of regular pay and banning it entirely when the termination is for misconduct. It ensures accountability by requiring public disclosure of all severance agreements online. The bill is a win for taxpayers—it curbs waste, increases transparency, and prevents bad actors from cashing in on taxpayer funds. It also serves as a deterrent against mismanagement and abuse within local government operations.