WIZS

Vance Co. Proposed FY 2020-21 Budget Includes Cost of Living Adjustment

Vance County Logo

100.1 FM ~ 1450 AM ~ WIZS, Your Community Voice ~ Click to LISTEN LOCAL

In a followup to his discussion on WIZS Town Talk last week, Vance County Manager Jordan McMillen reported that the Fiscal Year 2020-2021 Vance County proposed budget does include a three percent cost of living adjustment.

The $49,268,824 proposed budget was presented to the Vance County Board of Commissioners at their May meeting and includes four major recurring items that increase the budget expenditures by more than $100,000 each. These items include a cost of living adjustment for County employees, a state-mandated increase in retirement costs for employees, new departmental positions/overtime increases and increases in jail healthcare to change medical providers.

The cost of living adjustment totals $522,120 and is deemed necessary as the County’s starting and current salaries are falling behind inflation and beginning to fall behind neighboring jurisdictions, according to McMillen. “A cost of living adjustment not only moves employees’ salaries up, but it also moves the entire salary schedule upward adjusting starting salaries by the same percentage. Although human resources recommends we implement a five percent cost of living adjustment for the upcoming year, we were only able to include three percent due to lack of revenue growth,” McMillen explained.

McMillen said it would be advisable to revisit revenues in the early part of 2021 to see if further adjustments can be made to the salary schedule mid-year. The last cost of living adjustment given to County employees was one-and-half percent in January 2017, and, since that time, inflation has increased over six percent.

Additionally, McMillen stated that Granville, Franklin, and Warren counties are currently undertaking a salary plan which will cause Vance County’s salaries to fall even further behind.

A public hearing to receive citizens’ comments on the proposed budget will be held at 6 p.m. on Monday, June 1. To adhere to current social distancing guidelines, the public is asked to email comments regarding the budget to Vance County Clerk Kelly Grissom at KGrissom@vancecounty.org prior to the hearing or up to 24 hours after the hearing.

Exit mobile version