| | | | | | | | |  | Town of Miami Lakes
Memorandum | |
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| | | | | | | | | To: | Honorable Mayor and Councilmembers
| | From: | Alex Rey, Town Manager
| | Subject: | Mayoral Compensation
| | Date: | 1/16/2018
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| | | | | | | | | Recommendation: | It is recommended that the Town Council approves a modification to the Ordinance establishing the Mayor's compensation to allow the salary to grow annually commensurate with the Consumer Price Index for Miami-Fort Lauderdale, which is used to adjust our Councilmember's reimbursements annually. This year we used the August 2017 published index of 2.3% since it's the closest to our fiscal year ended September 30th, 2017. Therefore, based on the Mayor's annual salary of $18,000, the increase for the current year will be $414.00 and thereby increasing the total compensation for FY 2018 to $18,414.00. The increase for the current year will be approximately $1.13 per day. |
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| | | | | | | | | Background: | Section 2.6 (b) of the Town Charter establishes that the Council by ordinance established a salary for the Mayor. In June 2001, the Council adopted an ordinance (ord. 2001-06) establishing the compensation for the Mayor at $18,000 per year, however the ordinance did not provide for a mechanism for the salary to be adjusted for the cost of living.
At the November 2017 Council meeting, we discussed adjusting the salary for the Mayor and direction was provided to bring an amendment to the ordinance that will allow for the salary to be increase annually by the Consumer Price Index. It is recommended that the Town Council approves a modification to the Ordinance establishing the Mayor's compensation to allow the salary to grow annually commensurate with the Consumer Price Index from this point forward. |
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