Some Norfolk Public Schools employees may see their take-home pay reduced beginning in January due to Congress’ delay in deciding whether to renew tax cuts that are set to expire on December 31, 2010.

The delay may force the U.S. Treasury Department to pass on new tax tables with higher withholding levels for employees. The Treasury Department usually releases the coming year’s tax tables, which determine the take-home pay of millions of wage earners, by mid-November because it takes payroll processors weeks to adjust payroll systems before January 1. If Congress does not resolve the issue soon, income tax tables will revert to higher levels dating from June 2001.

Some Norfolk Public Schools employees may see their take-home pay reduced beginning in January due to Congress’ delay in deciding whether to renew tax cuts that are set to expire on December 31, 2010.

The delay may force the U.S. Treasury Department to pass on new tax tables with higher withholding levels for employees. The Treasury Department usually releases the coming year’s tax tables, which determine the take-home pay of millions of wage earners, by mid-November because it takes payroll processors weeks to adjust payroll systems before January 1. If Congress does not resolve the issue soon, income tax tables will revert to higher levels dating from June 2001.

Your 2 Cents is all about letting NPS students have a chance to get their opinions heard. Every few weeks we pose a new question and share with you what students around the district had to say. Recently, Your 2 Cents hit up students at Norfolk Technical Center and asked:

“Is career and technical education important in today’s society? Why or why not?”