Funding Model 3 - Modified Inflation
The rate of pay and benefits would be increased in the budget to match what is included in wage and benefit agreements. All other expenses would be increased by inflation. Inflation is the changes in prices experienced by consumers. To cover these costs, property taxes will not be increased. As in Model 2, under this model it will be up to City Council to determine how to cover any increase in Police Operations.
The Police Budget would have been $672,000 higher in 2021 if this method was used.
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