government, $33.2 million for pub-
lic safety, $4.9 million for general
public works/beach maintenance,
$5.6 million for sanitation and
waste removal, $4.9 million for
highways and streets, $6.8 million
for economic development and
tourism, $7.4 million for culture
and recreation and $5.3 million in
debt service, which totals about
$72 million.
$1.7 million, the airport fund of
$235,000, the convention center
of $1.3 million and $1.4 million for
capital projects, which brings the
final total to about $77 million.
cludes six new positions in the fire
department at a cost of $292,000.
increased by $151,000 over the
previous fiscal year.
Fraternal Order of Police (FOP)
and International Association of
Fire Fighters (IAFF) collective bar-
gaining units that provided wage
adjustments for the first time in
five years. However, as a result of
attrition, overall salary and benefit
costs, the police department bud-
get decreased by nearly $60,000
even after factoring in wage ad-
justments for raises.
ees has been included in the pro-
posed Operating Budget. The cost
of the wage adjustment for all af-
fected town employees totals
$924,508.
FOP collective bargaining unit ne-
gotiated to restructure the Defined
Benefit (DB) Pension benefits for
new members effective July 1,
2013.
Macdonald Consulting, LLC, the
restructured DB negotiated by the
FOP, i.e., age 55 with 25 years of
service, reduces the town's Nor-
mal Cost, which is the underlying
cost of the DB Plan, from 10.61
percent to 8.04 percent represent-
ing a 2.57-percent Normal Cost
savings.
for Fiscal Year 2014, the Mayor
and City Council will review and
update the town's Capital Im-
provement Program (CIP). The
CIP identifies a schedule of plan-