When City Council members begin reviewing Mayor A.J. Holloway's proposed budget for the Administration Department on Tuesday, they'll notice the mayor has cut his own pay by nearly $90,000.
Instead of drawing his $115,900 annual salary, Holloway has reduced his city pay by nearly 80 percent -- to about $27,000 a year.
"To be honest, it's a win-win situation," Holloway said. "I've been paying into the state retirement system for nearly 34 years at this point, and tax-wise, it works out better to begin drawing some of my retirement funds -- better for me and better for the taxpayers of Biloxi. This move saves the city nearly $90,000 a year, which is significant in these budget times."
And, the mayor said, he plans on showing up for work every day, regardless of the pay.
"Frankly, I enjoy the work," Holloway said, "and we have a great deal more to accomplish. I could go for another six to eight years."
For more information, contact Vincent Creel, Public Affairs Manager, City of Biloxi (click here)
Comments