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BUDGET: <br />At this time, there is no budgetary impact; however, a salary adjustment would impact the 2025 budget. <br />Option 2 and Option 3 will not have a significant impact on the levy. <br /> <br />DEI INITIATIVE: <br />In analyzing barriers to engagement and developing enablers, staff recommends a market-driven approach <br />to compensation for Elected positions. Establishing fair monetary compensation for both the Mayor and <br />Council Member positions removes a potential barrier for community members and furthers the City of <br />Little Canada’s dedication to inclusion. <br /> <br />RECOMMENDATION: <br />Staff recommends City Council consider three options to address Mayor and Council Member salaries: <br /> <br />• Option 1: No Change. <br /> <br />• Option 2: Approve Ordinance 897 (Option A) amending City Code Chapter 204.010 for January <br />1, 2025, and increase the salaries of the Mayor and Council Members to: Mayor $7,500 per year <br />and Council Members $6,000 per year. <br /> <br />• Option 3: Approve Ordinance 897 (Option B) amending City Code Chapter 204.010 for January 1, <br />2025, and increase the salaries of the Mayor and Council Members to: Mayor $7,500 per year and <br />Council Members $6,250 per year. <br /> <br />ATTACHMENTS: <br />1. Ordinance 897 (Option A) <br />2. Ordinance 897 (Option B) <br /> <br />