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Council hears proposal to pay tiered year‑end bonuses from FY25 surplus
Summary
Finance staff told the council the city expects an FY25 general fund surplus (spoken as $2,780,000 in the transcript) and presented a resolution to authorize tiered year-end bonuses with a not-to-exceed cap referenced in the record; staff also said the city will cover taxes on the bonuses so employees receive the stated amounts. The transcript records presentation and intent to vote but does not include a final vote tally.
Finance staff presented a resolution on Nov. 24 proposing tiered year-end bonuses for city employees contingent on the city closing fiscal year 2025 with a surplus. A finance presenter stated, "we are looking at a $2,780,000 surplus from '25," and said the money for the bonuses has been budgeted, though a formal resolution had not previously been adopted.
Staff explained the resolution is intended…
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