City Council passes 2020 budget

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Photo by Jacob Cole.

The Homewood City Council, at its regular meeting on Monday, Sept. 23, approved the city’s budget for fiscal year 2020 and did so ahead of its Sept. 30 deadline. The city’s new fiscal year begins Oct. 1.

Homewood Mayor Scott McBrayer said he is happy to pass the $55 million budget.

“I think probably the budget process is one of the most important things we do,” he said. “I’m really proud of my team for the work they put in to give you a good, honest budget. I think we’ve proved that over and over every year.”

Councilor Walter Jones, a Ward 3 representative who serves as chair of the council’s finance committee, said that he appreciates all the hard work by other councilors and city staffers that went into finishing the budget.

“I’m very excited about this budget, and I feel really good about it,” he said. 

He also hit some of the highlights.

The budget included an increase of  $96,819 in employee health insurance costs. 

Full-time city employees will receive 2.5% cost-of-living adjustment at a cost to the city of $514,000.

The city will also provide merit raises for eligible city employees at a cost of $225,000. 

Employees may receive some additional bonuses that are not included in the new budget if the city has a surplus at the end of the current fiscal year, and Jones said he feels really good about that surplus coming in.

These bonuses will not exceed $370,000 and should come in about November, according to Jones. 

All 16 of the finance committee's recommendations for the budget passed unanimously during the council meeting. 

Other business

The council will meet again on Oct. 7 at 6 p.m.

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