Citing the “important fiscal issues” the city is facing, Mayor David Cohen announced Wednesday afternoon he would not accept the $27,600 raise he inserted into his proposed FY09 budget presented Monday evening.The $27,600 would raise Cohen’s salary to $125,000.
Had Mayor David Cohen accepted the pay raise, he could have added $11,000 to his pension, according to calculations from the state Board of Retirement’s website.
In a letter to the Newton Tab in 2005, Cohen said, “At a time when we are cutting back on teacher positions, school librarians and other city personnel, I will not accept a pay raise. That money is better used preserving other crucial positions.”
Had Mayor David Cohen accepted the pay raise, he could have added $11,000 to his pension, according to calculations from the state Board of Retirement’s website.
In a letter to the Newton Tab in 2005, Cohen said, “At a time when we are cutting back on teacher positions, school librarians and other city personnel, I will not accept a pay raise. That money is better used preserving other crucial positions.”
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