The city council has officially adopted its comprehensive pay plan and passed the Fiscal Year 2026–2027 budget totaling roughly $3.2 million.
The Council updated the city’s pay plan
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The City adopted a comprehensive pay plan during the meeting.
In a municipal compensation and pay plan, those figures represent the maximum cap (or ceiling) of what those positions are authorized to be paid, rather than an automatic raise given to whoever is currently sitting in that seat.
A comprehensive pay plan typically establishes the salary grade ranges—setting the minimum, midpoint, and maximum (ceiling) rates for each job classification. Adjusting those numbers in a municipal order means the city has raised the upper limit of what the position is legally allowed to earn, giving management the flexibility to hire or increase pay up to that new cap without needing a brand-new council vote every time.
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All municipal employees received a 2% raise as part of the new budgetary provisions.
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Balancing out at approximately $3.1 million in general fund revenue, the upcoming fiscal year relies on a diverse revenue stream and carried-over funds.
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Tourism Revenue: Accounts for roughly $692,000.
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Parks & Recreation: Generates about $415,000.
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Fund Balance Carryforward: Approximately $534,000 rolled over.
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ABC Operations: Includes roughly $198,000 in revenue alongside a $160,000 carryover.
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Municipal Road Aid: Features combined carryover amounts totaling roughly $226,000.
- Tax rates were also approved by the Council which included a rate of 11.3 cents per $100 assessed value of real property, 11.30 cents per $100 assessed value of tangible property, & 22.5% for vehicles and watercraft