GALVESTON — Facing declining revenues and risings expenses, the Port of Galveston won’t give cost-of-living raises to its 80 or so employees. Not in the first half of the year, anyway. But Friday it will give each of them a one-time salary supplement of $1,000.
The Wharves Board of Trustees, which governs the port, approved the salary supplement Monday by a 7-0 vote.
Each employee will receive $1,000 gross, although Trustee Benny Holland Jr. had wanted them all to net $1,000. Trustee Edward Walsh III, a certified public accountant, argued net would be far costlier because the port would have to cover both employee and employer payroll taxes.
Walsh also questioned giving the salary supplements at a time when the landlord port was looking for ways to reduce expenses.
Click here to read more at the Galveston County Daily News.