Table 3: Salary & Benefits Increase / Decrease
| Salary Increase | Benefits Increase/Decrease | TOTAL INCREASE | |||||||||||
| Fund | COLA 5% Increase | Flat pay $1,000 Increase | Total Salary Increase in FY 2025-26 | FICA Increase | Health Insurance Increase | Empower Pension Plan Increase | FRS Pension Increase/ (Decrease) | Police & Fire Pension Increase | Total Benefits Increase in FY 2026-27 | Total Benefits Increase in FY 2026-27 | Total Benefits Increase in FY 2026-27 | FICA Increase | Health Insurance Increase |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| General Fund | 570,618 | 168,000 | 738,618 | 56,504 | 74,098 | 44,317 | (20,672) | (17,304) | 136,944 | 875,562 | 344,414 | 19,012 | 59,487 |
| Water and Sewer Revenue Fund | 182,026 | 66,500 | 248,526 | 19,012 | 59,487 | 14,912 | 2,477 | - | 95,888 | 344,414 | 19,012 | 8,579 | 3,686 |
| Street Improvement Fund | 43,130 | 18,300 | 61,430 | 4,699 | 8,579 | 3,686 | - | - | 16,964 | 78,394 | 1,111 | 1,867 | 872 |
| Stormwater Fund | 10,327 | 4,200 | 14,527 | 1,111 | 1,867 | 872 | - | - | 3,850 | 18,377 | 1,111 | 1,867 | 1,742 |
| Building Department Fund | 23,028 | 6,000 | 29,028 | 2,221 | 2,667 | 1,742 | - | - | 6,629 | 35,657 | 1,111 | 1,867 | 65,528 |
| Citywide Total | 829,129 | 263,000 | 1,092,129 | 83,548 | 146,698 | 65,528 | (18,195) | (17,304) | 260,275 | 1,352,404 | 1,111 | 1,867 | 1,742 |
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