Agenda Text
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Requesting a transfer of $407,200 from the Salary Contingency Account to the Salary and Wage Stabilization Fund.
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Official Text
To the Honorable City Council:
I respectfully request a transfer in the amount of $407,200 from the Salary Contingency Account to the Salary and Wage Stabilization Fund. The amount of $407,200 is the estimated balance in the General Fund Salary Contingency Account as of June 30, 2021 This transfer preserves these funds in the Stabilization Fund for future collective bargaining settlements and various other salary adjustments.
My staff will be available to answer any questions you may have. Thank you for your consideration of this matter.
Respectfully Submitted,
Joseph A. Curtatone, Mayor