HomeMy WebLinkAboutResolution 3410-09-2006A Resolution
NO. 3410-09-2006
To Eliminate Estimated Compensation Lag and Bring City Employees to
Market Median by FY2007/2008
WHEREAS, during the FY2006/2007 (referred to hereafter as Year 1) budget process, the City
Council discussed the matter of raising salary rates of all employee job families to the estimated median
of the appropriate market groups withrn the next two years, and
WHEREAS, u~ the current year, many of the City's fob families were behind the market median
by an average of 4%, and
WHEREAS, the City Council has expressed their desire to eliminate the estimated lag that
occurs each year when market adjustments are made by organizations competing with the City thus
leaving the City lagging the market median, and
WHEREAS, in addition to regular market adjustments for Year 1 the City Council has
committed to eliminate the estimated market lag by implementing a 2.5% forecast for Year I and an
additional 1.5% forecast for FY 2007/2008 (referred to hereafter as Year 2); and
WHEREAS, a market lag of approximately 1.5% will require approximately an additional $41
million in Year 2 to eliminate the estimated market Iag.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF FORT
WORTH, TEXAS.
1 That the forecasted market lag of i.5% with an estimated cost of $4 1 million to the general fund
be included in the budget process for Year 2
2. That if the actual market lag calculated after the implementation of the Year 1 compensation plan
is more than the 1.5% or funds are not available to cover additional cost above $4 1 million, the
additional lag will be addressed in the Year 2 Budget Process.
3. That in addition to the elimination of estimated market lag, the market compensation adjustments
continue to be made based on the market movements of competing organizations each year as long as
there are no unanticipated budgetary situations in FY2007/2008 or future years that will detrimentally
affect the welfare of the citizenry and/or Council priorities for future years thus prohibiting additional
market adjustments.
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