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Fremont salaries grew faster than revenue

By Matt Artz
Wednesday, June 17th, 2009 at 3:00 pm in Artz, Salaries, Uncategorized.

Fremont’s union contracts expire at the end of the month. Negotiations are underway.  Two years ago, police and fire got 6 percent annual raises for two years and most other employees got 4 percent for two years.

This is far from perfect since I have salary data for calendar years and budget data for fiscal years, which start July 1.  But ….

In 2006, Fremont spent $86,953,044 on employee compensation. That doesn’t include funding pensions.

In 2008, Fremont spent $99,083,465 on employee compensation. A total increase of about $12 million.

From July 1 2006 to June 30 2007, the city had $122,960,000 in general fund revenue.

From July 1 2008 to June 30, 2009, the city estimates it will have had $127,357,000 in general fund revenue. A total increase of about $4.4 million.

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  • http://www.eff.org/issues/bloggers sonueu

    So – expenses grow faster than income. This formula breaks back of the taxpayer. . . . . not a question of IF – - – - just a matter of WHEN – your city is BROKE !!!!

    They whine about the risky job they provide. But my brother in Iraq returns with little or no retirement. But cop and firefighter want more and more and more nad more and more of your hard earned money.