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Hamilton officials outline 2025 budget plan, propose 4% wage adjustment and supplemental transfers
Summary
City finance officials presented the proposed 2025 budget, projecting $36 million in income-tax revenue, a structurally balanced general fund and a proposed 4% wage increase for Schedule A employees plus a 2.6% lump-sum payment; council also heard a $2 million transfer into a budget stabilization fund and bond pricing that reduced borrowing costs.
Finance Director Dave Jones presented the city’s proposed 2025 budget and related supplemental appropriations, saying the city is “staying conservative” while projecting $36,000,000 in income-tax revenue for 2025 and keeping the general fund structurally balanced. He outlined a proposed across‑the‑board 4% wage adjustment for Schedule A employees (cost listed in presentation as about $676,000) and a 2.6% annual lump-sum payment for eligible…
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