During a recent government meeting, city officials discussed the financial implications of the step program and retirement plans, emphasizing the need for fiscal responsibility in light of rising salary costs. One council member highlighted significant increases in retirement expenses, noting a jump from $192,000 in 2021 to $340,000 in 2022, which does not include salaries. Overall annual salaries have also seen a steady rise, from $2.9 million in 2020 to a proposed $4.1 million for the current year.

The council member expressed concern over the sustainability of these increases, urging a cautious approach to future financial commitments. They suggested that the city should focus on operational expenses while maintaining reserves to ensure financial stability. The current reserve amount is approximately $5.1 million, with a recommendation to set aside around $2.8 million for six months of expenses.

The discussion also touched on the importance of addressing infrastructure needs, particularly road maintenance, while balancing the city's budgetary constraints. The council member advocated for a collaborative approach to decision-making, emphasizing the need to prioritize the residents' interests and the city's long-term financial health. They concluded by reaffirming their commitment to city employees while stressing the importance of prudent financial management in the face of rising costs.