Connect with us

Hi, what are you looking for?

Local news

Mayor Reed unveils balanced budget with $20 million increase, including pay raises

It includes a 15 percent pay raise for all Montgomery Police Department sworn officers and a 5 percent cost-of-living adjustment for all other city employees.

Montgomery Mayor Steven Reed

Tuesday, Montgomery Mayor Steven L. Reed proposed a $20 million increase for city agencies and departments, most of which will go directly to city employees.

The mayor’s proposed FY 2025 General Fund and Debt Service Budget totals $331,625,628, a 6.5 percent increase over current-year funding. It includes a 15 percent pay raise for all Montgomery Police Department sworn officers and a 5 percent cost-of-living adjustment for all other city employees. This is the first COLA provided to city employees since 2012. The proposed budget also includes the accompanying fringe benefits such as FICA/Medicare, Retirement, and Health Insurance expenditures.

The increases were made possible by stable growth in key revenue sources, including sales and use taxes, ad valorem taxes, and business licenses, along with savings from reduced long-term debt, now at $26 million. Additional strategic efforts, such as securing over $50 million in grant funding and a $5.15 million inter-fund transfer, have further strengthened the city’s financial position. These measures ensure that the budget can support necessary investments in services, infrastructure, and employee compensation while maintaining financial stability.

View the Mayor Reed’s budget presentation here.

The Alabama Political Reporter is a daily political news site devoted to Alabama politics. We provide accurate, reliable coverage of policy, elections and government.

More from APR

News

The report tracks both the protection and removal of Confederate memorials located in public spaces, schools, street names and military bases across the U.S.

Education

After months of turmoil between the Montgomery County school board and city officials, it appears the city is exploring starting its own school system.

News

The proposed purchase would keep Alfa’s corporate headquarters in Montgomery at Capitol Commerce Center.

News

According to a national survey, 96 percent of violent crime victims failed to receive victim compensation in 2022.