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Wages <br />The two sides have negotiated a market adjustment of $2.00 across the Union's pay tables and a <br />three -percent COLA. The current and proposed pay rates can be found below: <br />Step <br />2023 Hourly Rated <br />2024 Proposed Hourly <br />Rate <br />Health Insurance <br />The Union members will receive $1,284 monthly towards their insurance premiums. This <br />equates to approximately eighty-seven percent of their premium, which is what the City pays <br />today. <br />Union TrainingCenter <br />The City will increase its contribution to the training center by $.05, from $.25 to $.30, per hour. <br />Juneteenth <br />Juneteenth will be added to the holiday calendar. <br />All MOU's will be updated for 2024. <br />For reference, the previous contract is attached. <br />Budget Impact <br />The budget impact of these changes are mostly accounted for in the 2024 budget; the budgeted <br />market adjustment was $1.50, the additional $.50 will result in approximately a $10,000 increase <br />to the approved budget, with about half hitting the General Fund. The insurance increase should <br />not negatively affect the 2024 budget, and the training center increase will result in an increase <br />of $832, again about half hitting the General Fund. Staff believes that these costs can be <br />absorbed into the 2024 budget. <br />Attachments <br />Attachment A: 2022 — 2023 CBA <br />Page 2 of 2 <br />