The mayor presented his FY2016 budget in a 15-minute called meeting this afternoon, pushing his deadline to the end-of-August limit. In it, employees were pleased to see a 1% cost of living adjustment and the mayor’s commitment to let the city absorb a 7.8% increase in health insurance premiums.
The mayor’s budget will be reviewed and possibly adjusted in a series of Finance Committee meetings in September before the final plan is adopted by the City Council before Oct. 1.
“NO SHELL GAME”
Mayor McBrayer commented that it would have been easy to increase the COLA percentage while passing on the cost of increased premiums to employees, calling that a shell game. Last year the mayor made clear that COLA and merit increases add to the salaries on which pensions — and future cost liabilities to the city — are calculated.
The following two slides should be read together to reflect the entire budget summary presented tonight:
Here’s a comparison to the mayor’s budgets presented last year and the year before. To read the details and discussion of the the mayor’s current (FY2015) budget, click here.
And last, but probably ranking first in Homewood’s success and allure as a community, is the city’s contribution to its Board of Education. With an estimated $8.1 million from the dedicated penny sales tax and $7.7 million from property taxes, the Board of Education should receive nearly $16 million from Homewood this coming year.
For last year’s council-approved budget and discussion of pension and other matters, click here.
Here’s a link to all the slides presented tonight and now posted on the city’s website, http://www.homewoodal.net/city/budget/Bud2016.pdf
Members present: Michael Hallman, Britt Thames, Fred Hawkins, Walter Jones, Patrick McClusky, Barry Smith, Alex Wyatt, Richard Laws, Peter Wright (arriving after several votes, see below), and council president Bruce Limbaugh. Also present was Homewood Mayor Scott McBrayer.
Members absent: Vance Moody
Staff present: City clerk Linda Cook, city attorney Mike Kendrick, mayor’s chief of staff J. J. Bischoff, and Melody Salter, finance director.
Audience attendance: 26