In a recent meeting of the Shelbyville City Council, significant discussions centered around the city's budget for the fiscal year 2024-2025, particularly regarding proposed salary increases for city employees. The council considered an ordinance to adopt the annual budget and tax rate, which remains unchanged at 148.
During the deliberations, a motion was made to amend the proposed salary increase from 3% to 4%. This amendment was supported by a council member who highlighted the financial implications, noting that the difference between the two rates would amount to approximately $150,000, with the 4% raise totaling $602,515 compared to the 3% raise of $451,886.
As discussions progressed, another council member proposed an increase to 5%, suggesting that the additional funds could be sourced from the city's fund balance. This proposal sparked further debate, with council members weighing the merits of both the 4% and 5% increases.
Ultimately, the council agreed to first vote on the 4% raise, with the possibility of revisiting the 5% proposal afterward. The meeting concluded with a focus on ensuring clarity regarding the effective date of any salary adjustments, aiming for implementation with the payroll on July 12.
The council's discussions reflect ongoing efforts to balance employee compensation with fiscal responsibility as they finalize the budget for the upcoming fiscal year.