No COLA hike for Iola employees

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News

November 24, 2015 - 12:00 AM

While Iola city employees will continue to receive merit raises, City Council members agreed to not pay any form of across-the-board cost of living pay hike.
The decision came after a brief discussion Monday about the city’s 2015 budget, which City Administrator Carl Slaugh said, “was as tight as any budget we’ve had in the four years I’ve been here.”
The Council had considered a COLA hike even though the Consumer Price Index (which sets Social Security rates) carried no similar increase for 2016. Iola also uses CPI to determine whether COLA raises…

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