HomeMy Public PortalAbout2021-08-10 Town Manager Salary
LEGAL NOTICE
-insert seal -
The Town Council of the City known as the Town of Watertown hereby gives notice of a
public hearing and vote on Tuesday, August 10, 2021 at 7:00 PM, in the Richard E.
Mastrangelo Chamber, Administration Building, 149 Main Street, Watertown, MA on a
proposed Ordinance as follows:
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 in November, 2013, 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 the Town has maintained the AAA Bond Rating; and
WHEREAS: The Town has reached an agreement to continue the Town’s group
health coverage under the Group Insurance Commission through June 30, 2023,
which allows the Town to continue providing quality group health insurance to its
employees and retirees; and
WHEREAS: The Town Manager proposed a long-range financial plan for
addressing the unfunded Other Post-Employment Benefits (OPEB) Liability and for
financing of the $170,000,000 for the Three Elementary Schools Building project
within the confines of Proposition 2 1/2 ; and the proposed plan was formalized in
the Town Council’s Fiscal Year 2019 Budget Policy Guideline II.A; and
WHEREAS: The Town has a fully funded Retirement System as of July 1, 2021;
and
WHEREAS: The Town Manager is proposing and will be presenting a plan
whereby financing of the New High School Project with MSBA funding included
will be done within the confines of Proposition 2 ½ ; and all of this to be done
without the need to request debt exclusion financing from the taxpayers of
Watertown ; and
WHEREAS: The current salary of the Town Manager established effective July 1,
2019 is $210,000.
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, 2020 (Fiscal Year 2021), the Town Manager’s compensation
shall be set at $217,415.
(b) Effective July 1, 2021 (Fiscal Year 2022), the Town Manager’s compensation
shall be set at $221,765.
A copy of the Ordinance is available for inspection by emailing Town Council Clerk
Marilyn Pronovost at mpronovost@watertown-ma.gov, Monday through Friday, 10:00
am to 2:00 pm.