Each Commissioner, during the term of his or her office, shall receive compensation
in the amount of seven hundred and fifty dollars ($750.00) per month. The Mayor, during
his or her term of office, shall receive compensation in the amount of one thousand
dollars ($1,000.00) per month. However, effective in March 2001, and annually thereafter,
the compensation shall be adjusted annually based on the average budgeted salary adjustment,
if any, budgeted for the City's general employees, payable to all Commissioners and
Mayor beginning in March of each year on the date of the assumption to office of the
Mayor and Commissioners. The Mayor and Commissioners elected thereafter shall receive
the compounded compensation monthly.