(A) The salary of the Mayor is fixed at $10,000 per year, payable monthly, remaining effective January 1, 2023.
(B) Pursuant to the provisions of KRS 83A.075, for each year thereafter, with prior approval of Council, the salary of the Mayor shall be automatically adjusted in accordance with the annual change in the Consumer Price Index (CPI) reported by the U.S. Department of Labor, as determined by the Commonwealth of Kentucky’s Department of Local Government, pursuant to the formula application of Section 246 of the Kentucky Constitution, rounded up to the nearest $10. However, no such adjustment shall be made below the base amount set forth in division (A) above should the CPI decrease.
(Ord. 4, 2014, passed 4-14-2014; Ord. 2, 2022, passed 4-25-2022; Ord. 1, 2023, passed 3-13-2023)