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Council weighs FY26 compensation changes after multiyear pay increases; finance director flags bond timing
Summary
Councilmembers debated FY26 budget and staff compensation changes after three prior cycles of added pay increases that staff say have compounded to about $7.1 million over four years; staff warned not adjusting pay structure would have required a large property‑tax increase and described efforts to align with peer cities and to phase enforcement of benefit adjustments.
Finance Director Scott Georges briefed the council on the FY26 proposed budget and timing: the city will sell a $20 million general‑obligation bond this week, with debt‑service figures to be available in early June and funds to be released on June 4, and final property‑tax figures expected about June 10. He noted staff will update budget pages in time for the next council meeting.
Counc…
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