In a statement Tuesday, the Fraternal Order of Police's executive board said it had unanimously rejected the proposals that had been characterized as "take it or leave it" by city officials.
Last week, the union proposed $2.7 million in cuts that would affect the 167 officers targeted. City officials responded with a plan that called for cuts spread out over the entire department - $1.2 million in overtime, $3.7 million in pay deferrals and $1.9 million in furloughs.
The layoffs were scheduled for Nov. 12, but a judge granted a 10-day extension. Mayor Cory Booker has said the city would give the unions until next Tuesday to review the proposals.