From the Kokomo Tribune:
The Tipton Common Council approved a 2 percent pay increase in 2013 for all employees, including elected officials.
The council voted Oct. 22 to approve the 2013 budget of $5.6 million, which is an increase of approximately 3 percent. Spending will increase by between $140,000 and $170,000 in 2013, with the largest hike going to pay the health insurance premium, which climbed by 9 percent.
The council had considered providing employees with a 3 percent salary increase, but settled on the 2 percent figure in the final budget.
Council members approved a reduction in 2012 budget appropriations of $257,092 in all departments.
“This was an attempt to identify unspent funds,” Tipton Mayor Don Havens said. “Because we work with an 18-month budget, we reduced the appropriations that had already been made.”
Havens said the reductions will effect the 2013 budget which includes spending that didn’t have to be supported by a property tax increase.
The reduction in 2012 spending saved Tipton city property owners approximately 16.5 cents on the property tax rate for next year.
Havens said the $257,092 will be used as part of the city’s cash balance entering 2013.
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http://kokomotribune.com/local/x253563214/Tipton-council-approves-raises-for-city-employees
