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Personnel & Finance <br /> Minutes/August 7, 1987 <br /> Page 2 <br /> 1988 Increased Expenses <br /> 1. Police and Fire Retirement Pay (old) $ 297,000.00 <br /> 2 . City-Police and Fire Retirement <br /> Contribution (new) 200,000.00 <br /> 3 . Increased Health Insurance Costs 188 ,000.00 <br /> 4. 1988 Wage Settlements <br /> A . Base (salary) (all within tax <br /> supported City employees) 220, 000.00 <br /> B . Bonus 283,000. 00 <br /> 5. Additional Benefit Costs <br /> A. Police 87 ,000.00 <br /> B . Fire 171 ,000.00 <br /> C. Other Personnel 388 , 000.00 <br /> 6 . 200' s and 300' s Accounts (3%) 407 ,000.00 <br /> 7. Capital Improvements 320,000.00 <br /> Total Increases $ 2,561 , 000.00 <br /> Mr. Vance indicated that local taxes will raise between $27 <br /> million and $28 million dollars for 1988. He also noted that the <br /> sick leave buy back program in the Fire Department is working <br /> since now there is an average of one (1) firefighter off per day <br /> where the average was three (3) firefighters off per day prior to <br /> the plan. He also indicated that the City chose not to go to the <br /> maximum levy last year. Again this year , only a 5% increase is <br /> being requested; however, the increase could go to 6.2%. <br /> Councilman Beck noted that this should be stressed since <br /> there are many increases which are totally separate and distinct, <br /> those being of the school corporation. <br /> Councilman Barcome stated that a thirty-two cent ($.32) <br /> increase is a lot of money and he further emphasized that he <br /> never supported increases when he was the City Controller for <br /> four (4) years. <br /> The Committee then reviewed each of the individualized <br /> budgets which are as follows : <br /> MAYOR Page 1 .A.001 - requested 1988 budget $133 , 843 , 000 <br /> representing a 2.2% increase. <br />