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Council directs 2.5% cost‑of‑living increase for town staff in FY26 draft budget

2906772 · April 9, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

After reviewing comparative indices and a staff recommendation, the council gave direction to include a 2.5% cost‑of‑living adjustment (COLA) in the FY26 budget.

The council gave direction to include a 2.5% cost‑of‑living adjustment for town staff in the draft FY26 budget.

Finance staff presented a table of wage and inflation indicators — including the federal Social Security adjustment, Bureau of Labor Statistics indices and an internal compensation survey — that averaged to about 3.53%. Staff noted each…

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