Title
Approval of Increase in Assessor Certification Pay and the Associated Budget Revision 2024-59
Recommended Action
I move that Council approve the Assessor Certification Pay in conjunction with the limits set by state statute NMSA 4-39-5 and the corresponding Budget Revision
2024-59 as summarized on Attachment A and B and that the attachments be made a part of the minutes of this meeting.
County Manager's Recommendation
The County Manager recommends that Council approve both the Assessor Certification Pay as stated in Attachment A and Budget Revision 2024-59 as presented..
Body
The County Assessor is requesting to increase compensation for Assessor staff that achieve the specified levels of certification as described in NMSA 4-39-5. Senate Bill 324 was passed in 2023 with an effective date of July 1, 2023. SB0324 increased the rates of the annual certification pay which is funded by Assessor Valuation Fund. That fund is able to support the increase requested. The amount approved is at the discretion of the Council. The current and requested amounts are shown below. Please note that the amounts compound for each level achieved.
|
|
Current |
Requested |
|
Level One |
$ 500 $750 |
|
|
Level Two |
$ 1,500 $1750 |
|
|
Level Three |
$ 2,500 $3,000 |
|
|
Level Four |
$ 3,000 $3,500 |
|
Fiscal and Staff Impact/Planned Item
Financial impact is summarized in the attached budget revision, and there is sufficient budget in the property valuation fund to support this increase annually.
Alternatives
Council could decide not to approve this increase in Assessor Certification Pay and Assessor staff's certification pay would not increase.
Attachments
A - Senate Bill 0324
B - Budget Revision 2024-59