YONKERS, N.Y. (CBSNewYork/AP) — The Yonkers City Council has adopted a resolution putting a $20,000 overtime cap on municipal workers.

The council also adopted a resolution Wednesday asking state officials to create a transitional finance authority. It would allow city officials to impose wage freezes on school and municipal workers if the authority borrows $20 million to prevent some layoffs.

Council President Chuck Lesnick says a wage freeze would go into effect when the proposed authority issued bonds.

The overtime vote came on the same day The Journal News published a report about city salaries in 2010. It found that eight police officers had earned more than $100,000 in overtime and that 130 workers had earned more than $50,000 in overtime.

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