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<br /> <br />Page 11 <br />1 <br />to you today because we have submitted the budget. So, <br /> <br />2 <br />I'm happy to answer your questions. <br /> <br />3 <br />CHAIR: Jim? <br /> <br />4 <br />MR. HIGGINS: I have a few but, first of all, <br /> <br />5 <br />a giant kudos to you for attempting to put that <br /> <br />6 <br />together every year. I can't imagine a tougher job. <br /> <br />7 <br />MS. SAKO: I am very fortunate to have a lot <br /> <br />8 <br />of good people to help us with this. <br /> <br />9 <br />MR. HIGGINS: Thank you very much, anyway, for <br /> <br />10 <br />your service. Please enlighten a little bit more than <br /> <br />11 <br />we did last year when we were all kind of rookies and <br /> <br />12 <br />we were stumbling around blindly. The wages, <br /> <br />13 <br />salaries, benefits, and the mandated contribution to <br /> <br />14 <br />the retirement plan -- of the 573 million dollars, how <br /> <br />15 <br />much do those comprise -- how much is that? <br /> <br />16 <br />MS. SAKO: We have to have Ted go update it, <br /> <br />17 <br />but in total the -- it's roughly about 62 percent. I <br /> <br />18 <br />think we're looking at it being about 63 percent for <br /> <br />19 <br />this fiscal year, but I think I'll tell him to just <br /> <br />20 <br />double check those figures. <br /> <br />21 <br />And so, we did, indeed, have increases to the <br /> <br />22 <br />employees' retirement system rates. Police and fire, <br /> <br />23 <br />especially, you know, it went from 31 to 36 percent. <br /> <br />24 <br />And then general employees, I think was from 19 to <br /> <br />25 <br />22 percent. <br />ISLAND COURT REPORTING & TRANSCRIPTION SERVICES <br /> <br />(808) 933-9800 <br /> <br />