Item 4 - DACC Budget Update — original pdf

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Downtown Austin Community Court FISCAL YEAR 2025 BUDGET JULY 19, 2024 City of Austin – Proposed Budget 4% increase in base pay for regular employees hired on or before April 1, 2024 effective as of October 1, 2024 Employee retirement contributions increase from 9% to 10% of base wages on January 1, 2025 No premium rate increase for City medical coverage plans City of Austin – Proposed Budget Living Wage increase from $20.80 to $21.63 Annual Employer Contribution increase of $500 for employees enrolled in Health Savings Accounts (HSA) Paid Parental Leave Program extended from 10 to 12 weeks annually Income eligibility limits for the Childcare Assistance Program have been increased. Timeline 24 July 1 Aug. Budget Work Session & Community Input Session Budget Work Session, Set Max Tax Rate, & Public Hearing on the Budget 8 Aug. Budget Work Session Budget Work Session Budget Work Session Budget Reading (Adoption) 30 July 6 Aug. 14–16 Aug. Advisory Board Recommendations Board recommendations are not included in the proposed budget Recommendations will be considered through the budget adoption process.