Agenda

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26.

City Council Regular Meeting

Meeting Date:

02/20/2024

BACKGROUND

Ordinance 08-G-31 provides for annual pay adjustments based on the January Consumer Price Index (CPI) for the South Region. The CPI report for January was released mid-February.

Below is a table show the CPI percentage change and the combined compensation and allowance amounts per pay period.

	2023	2024
Mayor	$ 295.29	$ 305.33
Council	$179.84	$185.95
CPI		3.4%

Annual cost of the increase would be $1,479.10. This cost falls in the budgeted amount and will not result in an budget shortfall.

For the pay date of March 15, 2024, Mayor and Councilmember pay will be set to the 2024 amounts shown in the table. There will be no retroactive adjustment to the pay amount.

Ordinance 08-G-31 allows for the Mayor or Councilmembers to opt out of the pay change by submitting a letter with this intent to the City Manager. If you would like to remain at your current pay level, please notify the City Manager by March 8, 2024.

Attachments
Council Pay Information Item 2024
January 2024 CPI South Region
Ord 2008-G-31 Council Compensation
January 2024 CPI