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raise in the current fiscal year. Therefore, I have included in the FY '04 budget plan the funds <br />necessary to provide a general increase of 2.259'o commencing July I, 2003 for all employees <br />under the jurisdiction of the City Manager. As you are aware, the state is providing the same <br />percentage increase to all state and constitutional employees effective December 1 and to all <br />school teachers and school personnel effective January i, 2004. <br /> In closing, the budget has been prepared during a time of great challenge both for our nation <br />and our state. Wklle America fights abroad, Martinsvfl]e and other Virginia Communities must <br />adjust to a slowly recovering economy, continued reductions in state and federal revenues, and <br />increased cost as a result of regulatory mandates. Despite it all, we have proven to be a resilient <br />community and a community that is striving to be well positioned in the days and months <br />ahead. I believe that the proposed FY '04 budget plan is a solid plank in the ladder that will help <br />us climb out of our current economic dilemma. <br /> <br />(/"~.~ r~/. ~,_~ ~~_._Res~eectfullY submitte~('~ <br />Earl B. Reynolds, Jr. <br />City Manager <br /> <br /> <br />