The next iteration of Keystone Town Council, the members of which will be decided in an April election, could see different compensation than the town’s inaugural town council.

Town Manager John Crone said council requested an ordinance for a cost of living pay adjustment based on a September Consumer Price Index report out of the Denver area. Keystone became a town in February 2024, and residents elected to the seven-seat council have been making $500 per month while the mayor has been making $1,000 per month.

He said the ordinance, which council hopes to approve by April, allows the town to either increase or decrease council’s pay based on current cost of living conditions. It will not be applicable to the current council.

The pay adjustment will be determined at the beginning of each fiscal year, according to Crone.

According to a town staff memo, the town is pushing for a stipend for council members that will “enable candidates with young families and candidates who have full-time jobs to run.” What that stipend will look like hasn’t been determined yet.