Summary
To: Town Commission
From: Stefan Massol, Director of Support Services
Date: 9/18/2018
______________________________________________________________________
Subject:
Title
Resolution 2018-40 - Adopting Pay Scale
Summary:
This resolution would adjust the pay scale in accordance with the proposed cost-of-living-adjustment (COLA) for FY 2018-19.
End
Body
Previous Commission Action: The Town Commission provided approval on first reading of the FY 2018-19 Annual Budget, which includes a 1.5% COLA for town employees.
Background/Problem Discussion: Each year the town reviews economic trends in preparation of the Annual Budget. According to the U.S Bureau of Labor Statistics annualized inflation has ranged between 2.2 and 2.6% for the Tampa-St. Petersburg-Clearwater area. Through a combination of a 1.5% COLA and the merit system the proposed budget offers employees some relief from these trends.
Town policy is that a COLA provides an equivalent increase to the maximum amount provided in the pay scales for each position.
Financial Implications: The COLA was included in the proposed FY 2018-19 Annual Budget.
Recommendation: Staff recommends approval.
Proposed Motion: I move approval of Resolution 2018-40 Adopting Pay Scale.