In 2023, Monroe County employees could see a $2,000 quarterly retention bonus, paid out quarterly.
That’s in addition to the 5-percent COLA (cost-of-living adjustment) that their draft budget already includes.
The working number for the total 2023 Monroe County budget is in the ballpark of $90 million.
Here’s the back-of-the-napkin math some councilors did on Thursday: $2,000 times about 600 employees equals about $1.2 million more.
None of that is certain.
The next steps in the county’s budget process include a public hearing on Oct. 4 and a vote that is set for Oct. 18.
Discussion of the $2,000 retention bonus came on Thursday (Sept. 15), after five nights of budget hearings that stretched across two weeks. Monroe County councilors wrapped up the budget hearings with a discussion of employee compensation. Continue reading “Monroe County 2023 budget notebook: Councilors mull $2K one-time retention bonus”