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Huntsville reports one-time windfall; council approves 2.5% COLA for employees
Summary
After receiving a final bond/tax payment of about $91,900, Huntsville leaders discussed placing some funds in a CD and approved a 2.5% cost-of-living raise for full-time city employees effective Jan. 1.
The mayor told the council the city received a final bond/tax payment that yielded roughly $91,900 in unexpected, one-time revenue. The mayor proposed using a portion of the windfall to purchase a short-term CD and opening the floor for discussion on how much to set aside versus keeping funds available for projects.
Council also considered personnel costs: the wage-and-salary committee recommended a 2.5% cost-of-living increase for all full-time city employees effective Jan. 1. The mayor said the committee’s estimate of the immediate budget impact was roughly $3,829 (context in meeting language suggests this was a line-item or period calculation rather than the annual total); council moved, seconded and approved the 2.5% raise by voice vote.
The mayor asked finance staff to wait until the initial budget is drafted before finalizing CD allocations and to present options to the council. No final decision on the windfall allocation was made at the meeting.
