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2016-0372
| | Public Hearing | APPROVE:
A. adopting the FY17 Budget as presented in the budget document (provided in a separate transmittal and posted on Metro.net) with the amendment of an additional -$5.3 million reduction as a reconciliation item to the proposed budget as shown on Attachment A;
B. the Reimbursement Resolution declaring Metro’s intention to issue debt in FY17 for capital projects (provided in Attachment B). Actual debt issuance will require separate Board approval;
C. an average 3% merit increase for non-represented employees which will be performance based; and
D. an adjustment to management pay grades and salary bands for the top seven levels H1S through HFF to reflect typical market practice. There is no impact to the budget or to current employees’ salaries (see Attachment C). | | |
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