Budget Woes, Lost Incentives, and Retirements
The Budget is on the forefront of news this week. City Council is trying to hone in on what will be the cuts for the future year. I am sure many of you remember we lost 6 or 9 positions last year (still unclear on the number). This year we already stand to lose 6 according to the Roanoke Times. Those 6 were once told they were going to take from Clearbrook and move to Station 8 to put Medic 8 in service. It will be interesting to see what happens. You can read the Roanoke Times article here.
Nine firefighters will retire this year from the Roanoke Fire EMS Department. The retirements stem from an incentive to leave before December 1st after giving notice by March 16th. The incentive comes just in time to beat the increase in health care next year which ranges from $100 to $200 per month depending on the health care plan. Forty-Six Roanoke City employees took advantage of the retirement incentive. Read more abou the retirements here. Congratulations to those who will be retiring. Estimates are that the guys leaving have around 230-250 years of service. I look forward to attending some of the retirement parties!
The City Council voted to suspend the 457 contribution paid by the City effective April 1st. The contribution was a match up to $25 per paycheck. I am not sure how many employees Roanoke City has, but based on 1200 if everyone took advantage of the match, Roanoke City will save 780k each year or 30k per period the match is suspended. The suspension was put in place to help Roanoke City cover a budget deficit this fiscal year. Hopefully, they will add it into the budget for next year. The news of the suspension was emailed out via City email.