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Raeford manager previews 2022–23 budget, flags retirement and insurance cost increases
Summary
City Manager Dennis Baxley told the council the 2022–23 budget will likely include higher retirement contribution rates and an estimated 10% rise in insurance premiums; he said a proposed 7.9% COLA may not be attainable pending revenue projections and noted changes to the SAFER program require legal review.
City Manager Dennis Baxley presented a preview of the 2022–23 budget to the Raeford City Council on April 4, outlining personnel and cost pressures the city expects to address in the coming fiscal year.
Baxley told the council that retirement contribution rates are projected to increase for non-law-enforcement employees from 11.14%…
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