Fiscal Note
Council: Fringe Benefits |
$40,000 |
Mayor: Permanent Salaries |
$(28,389) |
Mayor: Fringe Benefits |
$(11,611) |
Total: |
$0 |
Levy Impact: |
$0 |
Title
OPERATING BUDGET AMENDMENT # 8 - Common Council; Mayor, p. 50, 52
Body
Provide funding for Wisconsin Retirement System pension benefits and health insurance coverage for alders effective for the Council members elected in the 2011 election. The costs are calculated based on providing pension benefits for all 20 alders ($15,000) and health insurance coverage for five alders with the City paying 75% of that coverage ($25,000). Offset levy impact by reducing the salaries of each of the 5 Mayoral Aides by 5.7%.