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Irondale reports $15M reserves, water PFAS mitigation and employee pay gains
Summary
Mayor said the city holds about $15 million in reserves, expects FY24 audit completion, invested ~$1M in temporary PFAS treatment and spent $750,000 on temporary water tanks; he also highlighted recent raises that made Irondale among the higher-paying municipalities in Jefferson County.
The mayor reported the city’s fiscal position, recent water investments and employee compensation changes during a town-hall presentation.
On finances, the mayor said the city projected a $3 million surplus in February but that the surplus was closer to $2.3 million; he stated the city holds over $15 million in reserve. He said when he took office the reserve balance was $3 million and credited a combination of factors for the increase. The mayor said the city budgeted about…
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