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Committee backs 4.5% COLA, city to cover 4.75% health‑insurance increase and planned bonuses
5905918 · September 24, 2025
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Summary
City Manager Glenn Adams presented a 4.5% cost-of-living adjustment proposal, and the committee heard staff confirm that the city will absorb a 4.75% health-insurance increase; bonus funding and payroll tax/pension impacts were also quantified.
Homewood City staff recommended a 4.5% citywide cost-of-living adjustment and a one-time, tiered employee bonus in the FY 2025–26 budget, and the finance committee expressed support during the Sept. 24 special meeting.
City Manager Glenn Adams said the budgeted 4.5% COLA is higher than earlier drafts (3.5%) and that the increase…
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