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Brentwood committee approves compensation policy motions, EDST transfer and permit forecast boost

Brentwood Ways and Means Committee · August 1, 2024
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Summary

The Brentwood Ways and Means Committee voted to move several budget and compensation recommendations to the Board of Aldermen, including a forecast increase for building-permit revenue, notification to the EDST board and use of $1,000,000 of EDST funds for a COPs payment; the committee also approved an annual CPI-based salary adjustment policy. Public safety leaders urged a higher compensation target during comments.

The Brentwood Ways and Means Committee on a 4–0 recorded vote approved multiple budget and compensation recommendations and instructed staff to take the measures to the full Board of Aldermen.

The committee voted to increase the FY2025 building-permit revenue forecast from $200,000 to $250,000 and to apply the same assumption to subsequent years. The body also voted to use $1,000,000 from the city—s Economic Development Sales Tax (EDST) fund to help fund a 2018 certificates-of-participation (COPs) payment and to notify the EDST Board of that recommendation. Finance staff told members that UMB had set aside roughly $6.2 million in reserve dollars…

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