Fiscal Note
The proposed resolution adopts and confirms the Labor Agreement between the City of Madison and the Association of Madison Police Supervisors for the period January 1, 2022 through December 31, 2025. The total cost for the proposed wage increase in the agreement, over the life of the contract, is $526,000.
2022 Cost 2023 Cost 2024 Cost 2025 Cost Cumulative
Wages 65,226 89,156 137,772 143,325 435,479
Benefits 12,928 18,669 28,850 30,012 90,459
Total 78,154 107,825 166,622 173,337 525,938
Funding for the 2022 and 2023 wage increases is included in the 2023 adopted operating budget.
A $1,000 one-time payment per Police Supervisor employee paid by February 2023, is required under the contract. The cost of this payment is $44,900. Funding for this payment is included in the 2023 adopted operating budget. The adopted budget also includes funding to make a $1,000 payment to all permanent full- and part-time city employees. The source of funding for this payment is a surplus in the Premium Stabilization Fund for the city’s life insurance and long-/short-term disability programs. The total cost of these payments, including those to be made under the Police Supervisors contract, is estimated to be $3.4 million.
The contract includes other changes with fiscal implications as outlined on the attachment to the resolution. The cost of these changes is estimated to be $4,000 in 2023 and has not been budgeted. City expenses are monitored throughout the year and if necessary, a budget amendment may be offered through the year-end appropriation. The current balance of the Contingent Reserve is $1,900,000. These funds could be used to cover the cost of the contract changes. No additional appropriation is needed at this time to fund the proposed changes.
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Adopting and confirming the Agreement between the City of Madison and the Associ...
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