HomeMy Public PortalAbout2018-06-12 Ord - TM
Watertown Town Council
Administration Building
149 Main Street
Watertown, MA 02472
Phone: 617-972-6470
ORDINANCE # O – 2018 -
AN ORDINANCE AMENDING THE TOWN MANAGER’S
COMPENSATION
WHEREAS: The Town Charter of the City known as the Town of Watertown,
Section 3-3 provides that the Town Manager shall receive such compensation as
may from time to time be established for said office by ordinance; and,
WHEREAS: The Division of Local Services performed a Full Financial
Management Review and indicated the Town manages its budget well and has
tight financial controls in place; and
WHEREAS: Standard and Poor’s Rating Services upgraded the Town’s Bond
Rating to AAA, their highest rating, and cited strong management conditions and
plans to address its unfunded pension and other postemployment benefits
(OPEB) liabilities as two of the factors in the bond upgrade; and
WHEREAS: The Town has reached an agreement to continue the Town’s
group health coverage under the Group Insurance Commission through June 30,
2021, which allows the Town to continue providing quality group health
insurance to its employees and retirees; and
WHEREAS: The Town is on the verge of having a fully funded Retirement
System on July 1, 2019; and
WHEREAS: The Town Manager proposed a long range financial plan for
addressing the unfunded Other Post-Employment Benefits (OPEB) Liability and
for financing the Three Elementary Schools Building Project within the confines
of Proposition 2 ½ ; and the proposed plan was formalized in Town Council’s
Fiscal Year 2019 Budget Policy Guideline II.A.; and
WHEREAS: An internal review was undertaken of salaries of other Town
employees received during Fiscal Years 2017 and 2018; and an external review
of other Town Manager’s compensation was reviewed; and
ELECTED OFFICIALS:
Mark S. Sideris,
Council President
Vincent J. Piccirilli, Jr.,
Vice President &
District C Councilor
Caroline Bays
Councilor At Large
Anthony J. Donato,
Councilor At Large
Susan G. Falkoff
Councilor At Large
Anthony Palomba,
Councilor At Large
Angeline B. Kounelis,
District A Councilor
Lisa J. Feltner,
District B Councilor
Kenneth M. Woodland,
District D Councilor
WHEREAS: The current salary of the Town Manager established effective July
1, 2015 is $172,500;
NOW THEREFORE BE IT ORDAINED: by the Town Council of the City
known as the Town of Watertown that Chapter XIV of the Watertown
Ordinances is hereby amended as follows:
By deleting Section 1: Compensation and inserting in its place the following:
Section 1: Compensation
(a) Effective July 1, 2016 (Fiscal Year 2017) the Town Manager’s
compensation shall be set at $184,000, which includes a $5,000 equity
adjustment.
(b) Effective July 1, 2017 (Fiscal Year 2018) the Town Manager’s
compensation shall be set at $195,500, which includes a $5,000 equity
adjustment.
__________________
Council Member
I hereby certify that at a regular meeting of the Town Council for which a
quorum was present, the above Ordinance was adopted by a roll call vote of
___for, ___against, and ___present on June ___, 2018.
_______________________________ ___________________________
Marilyn W. Pronovost, Council Clerk Mark S. Sideris, Council President