The town of Lisbon is stealing tax dollars in the name
of COLA. What is a “Cost-of-Living Adjustment –
COLA? An adjustment made to Social
Security and Supplemental Security Income to counteract the effects of
inflation. Cost-of-living adjustments
(COLAs) are generally equal to the percentage increase in the consumer price index
for urban wage earners and clerical workers (CPI-W) for a specific period. This
definition can be found at http://www.investopedia.com/terms/c/cola.asp
The Town Manager is responsible
for establishing the percentage of COLA which has been paid to town employees
for the past five to six years. However, her recommendation to the Town
Council is illegal until the Town Council approves the budget and then it
becomes legal. There has not been a 2% increase in the consumer price index in
longer than six years. Also, instead of
the adjustment being paid to wage earners and clerical workers; it is being
paid to management too. It is also in
the Town Manager’s contract that she gets any increase paid.
So now let’s take a look at
Mrs. Barnes decision to pay COLA to ALL employees. Under the Federal system, the consumer price
index is utilized to determine the percentage based on inflation. These past six years, there has been NO increase in inflation
so why are the town employees being paid COLA. What can be
the measuring device used to justify the payment of COLA?
1.
Must be a town
employee.
2.
Must be breathing
or at least have a pulse.
There is absolute no other
justification for a COLA increase every year.
So let’s look at the impact: an
employee being paid $30,000.00 after five years of 2% COLA is now $33,123.42
and an employee being paid $90,000.00 after five years of 2% COLA is now
$99,367.27. Remember, these are our tax
dollars being spent by the Town Manager and our Town Council. So
what is the town getting in return, nothing? Employees are being paid a salary to do their
jobs; so what are these tax dollars being paid for with no inflation?
The Town Manager uses a lot
of terms to confuse the Town Council. I
will explain what I am talking about.
The term “Undesignated Fund” is now “Unassigned Fund Balance”; “COLA” is
being used instead of “wage increase” and in the Town’s Annual Report the Town
Salary Report reports the “Salary” which is far from the truth. The “Salary” in the Annual Report is the
amount paid to that individual during the year.
This includes overtime and any additional payments so it is NOT a
salary. This tactic is how the Town Manager keeps
everyone confused. There
are so many terms used in our town that has other title in other areas but they
are the same. This is how the Town
Manager gets things by the Town Council.
I love our employees and
think they work hard for us for the most part but paying COLA for doing their
job and being compensated very well.
They also receive longevity pay also.
I think if you are receiving our tax
dollars, the town should receive something in return. The Town Council should never have approved
COLA for the past five or six years and they should not approve it now. To take tax dollars with no return is
stealing.
Call your Councilors and voice your concerns because it is your tax dollars. You should have a right to voice how you want to spend it.
Larry Fillmore
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