Valley Water is evaluating a proposal for a 5% pay increase for its board members, raising their compensation from $365.87 to $384.16 per meeting. This decision comes amid a hiring freeze implemented to manage a $222 million budget deficit. Despite the financial constraints, board members, who can receive compensation for up to 15 meetings monthly, could see annual earnings nearing $70,000 if the raise is approved. The ongoing financial challenges have also led to discussions of a possible pay reduction for board members.
The Valley Water board is considering a 5% raise for its members, despite confronting a significant budget deficit and instituting a hiring freeze.
If approved, the proposed pay raise could result in an increase from $365.87 to $384.16 per meeting, potentially totaling nearly $70,000 annually for board members.
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