Permanent COLA for City Pension Retirees
Summary
Property taxes stay flat for FY2027, and retirees retired before 2020 get a $1,000 one-time stipend instead of a COLA — a compromise forced by tight city finances.
At a glance
- Total mentions
- 2
- Last 30 days
- 1
Discussed at 1 meeting in the last 60 days; most recently Oct 15, 2026.
Impact analysis
No property tax increase; $969,000 budgeted for the retiree stipend.
Homeowners see no tax hike; pre-2020 retirees receive the stipend.
Mentions & discussions (2)
City Council — 6:30 pm — 2026-10-15
Over 1,000 retired city workers haven't had a permanent pension increase since 2008 — only a one-time $1,000 stipend. Council formally asked the Mayor and Pension Commissioners to build a sustainable cost-of-living adjustment into the FY2028 budget priorities.
City Council — 6:30 pm — 2026-05-21
Property taxes stay flat for FY2027, and retirees retired before 2020 get a $1,000 one-time stipend instead of a COLA — a compromise forced by tight city finances.
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