Beginning Monday, Sun-Sentinel and WSFL-TV employees will get a little payback for driving on company time.
The ever-observant and hyper-vigilant management team has noticed that gas prices have gone down recently. So they're cutting the mileage rate from 42 to 40 cents.
Now that ought to help bring down that $13 billion in Tribune Co. debt to manageable levels! While two cents isn't going to make much of a difference in anybody's life, the source who sent me the announcement below noted that management didn't raise the reimbursement rate when gas prices went up last year. Also mentioned: The price has actually been going up during the past few weeks.
February 9, 2009
TO: Sun Sentinel & SFL-TV Employees
FROM: Robyn Motley - Senior Vice President/CFO & Cam Trinh - SFL-TV Controller
RE: Mileage Reimbursement Rate Adjusted
We have been monitoring fuel prices and reevaluating our mileage reimbursement in light of the overall decrease in prices year-over-year. Therefore, effective February 16, 2009, the Sun Sentinel mileage reimbursement rate will be adjusted from $0.42 to $0.40. Please note that this rate applies to miles driven on or after February 16, 2009, therefore, please be sure to use the proper rate when filing your expense reports. And, as always, please file your expense reports within 30 days of incurring reimbursable expenses.