IBOV 171,336.99 ▼ 0.52% IPC MEX 71,564.96 ▼ 0.42% MERVAL 2,848,945 — — USD/BRL5.58▼ 0.01% USD/MXN18.57▼ 0.29% USD/CLP983.69▲ 1.70% USD/COP3,297▲ 0.69% USD/PEN3.42▲ 0.25% USD/ARS1,545▼ 0.03% USD/UYU40.43▲ 3.48% USD/PYG6,196▲ 2.20% USD/BOB11.68▲ 1.36% USD/DOP60.46▲ 0.10% USD/CRC445.62▲ 1.58% USD/GTQ7.64▲ 3.18% USD/HNL26.89▲ 0.13% USD/NIO36.62▲ 1.17% USD/VES899.36▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.69▲ 2.36% USD/TTD6.72▲ 2.30% EUR/BRL6.23▲ 0.90% BRENT 92.25 ▲ 0.83% WTI 86.38 ▲ 0.40% IRON ORE 161.91 — — COPPER 6.33 ▲ 1.77% GOLD 4,069 ▲ 0.95% SILVER 53.04 ▲ 3.78% SOY 1,224 ▼ 0.02% CORN 449.25 ▲ 0.06% WHEAT 600.50 ▲ 1.31% COFFEE 266.75 ▼ 2.50% SUGAR 18.15 ▼ 0.33% ORANGE JUICE 146.15 ▲ 5.64% COTTON 78.28 ▼ 0.63% COCOA 4,852 ▼ 3.04% BEEF 222.55 ▲ 2.94% CATTLE 326.68 ▼ 0.51% LITHIUM 59.98 ▼ 2.23% PETR4 44.95 ▼ 0.53% VALE3 64.80 ▼ 1.98% ITUB4 41.20 ▼ 1.25% BBDC4 14.54 ▼ 0.95% ABEV3 15.79 ▲ 1.15% BBAS3 17.10 ▲ 0.47% B3SA3 14.48 ▼ 2.49% WEGE3 50.95 ▲ 0.41% PRIO3 60.02 ▲ 1.06% SUZB3 54.46 ▲ 0.48% RENT3 29.79 ▼ 3.37% AZZA3 14.73 ▼ 2.58% CSAN3 2.68 ▼ 3.25% RAIZ4 0.30 ▼ 98.77% PCAR3 2.56 ▲ 5.35% GMAT3 3.81 ▼ 0.52% PSSA3 46.67 ▲ 2.23% CVCB3 0.86 ▼ 1.15% POSI3 3.15 ▲ 3.96% SLCE3 17.09 ▼ 1.21% NATU3 5.55 ▼ 2.80% BRKM5 2.92 ▼ 3.31% RANI3 8.45 ▼ 3.54% CSNA3 4.38 ▼ 2.45% IBOV 171,336.99 ▼ 0.52% IPC MEX 71,564.96 ▼ 0.42% MERVAL 2,848,945 — — USD/BRL 5.58 ▼ 0.01% USD/MXN 18.57 ▼ 0.28% USD/CLP 983.69 ▲ 1.70% USD/COP 3,297 ▲ 5.67% USD/PEN 3.42 ▲ 0.25% USD/ARS 1,545 ▼ 0.03% USD/UYU 40.43 ▲ 3.48% USD/PYG 6,196 ▲ 2.20% USD/BOB 11.68 ▲ 1.36% USD/DOP 60.46 ▲ 0.10% USD/CRC 445.62 ▲ 1.58% USD/GTQ 7.64 ▲ 3.18% USD/HNL 26.89 ▲ 0.13% USD/NIO 36.62 ▲ 1.17% USD/VES 899.36 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.69 ▲ 2.46% USD/TTD 6.72 ▲ 2.30% EUR/BRL 6.23 ▲ 0.90% BRENT 92.25 ▲ 0.83% WTI 86.38 ▲ 0.40% IRON ORE 161.91 — — COPPER 6.33 ▲ 1.77% GOLD 4,069 ▲ 0.95% SILVER 53.04 ▲ 3.78% SOY 1,224 ▼ 0.02% CORN 449.25 ▲ 0.06% WHEAT 600.50 ▲ 1.31% COFFEE 266.75 ▼ 2.50% SUGAR 18.15 ▼ 0.33% ORANGE JUICE 146.15 ▲ 5.64% COTTON 78.28 ▼ 0.63% COCOA 4,852 ▼ 3.04% BEEF 222.55 ▲ 2.94% CATTLE 326.68 ▼ 0.51% LITHIUM 59.98 ▼ 2.23% PETR4 44.95 ▼ 0.53% VALE3 64.80 ▼ 1.98% ITUB4 41.20 ▼ 1.25% BBDC4 14.54 ▼ 0.95% ABEV3 15.79 ▲ 1.15% BBAS3 17.10 ▲ 0.47% B3SA3 14.48 ▼ 2.49% WEGE3 50.95 ▲ 0.41% PRIO3 60.02 ▲ 1.06% SUZB3 54.46 ▲ 0.48% RENT3 29.79 ▼ 3.37% AZZA3 14.73 ▼ 2.58% CSAN3 2.68 ▼ 3.25% RAIZ4 0.30 ▼ 98.77% PCAR3 2.56 ▲ 5.35% GMAT3 3.81 ▼ 0.52% PSSA3 46.67 ▲ 2.23% CVCB3 0.86 ▼ 1.15% POSI3 3.15 ▲ 3.96% SLCE3 17.09 ▼ 1.21% NATU3 5.55 ▼ 2.80% BRKM5 2.92 ▼ 3.31% RANI3 8.45 ▼ 3.54% CSNA3 4.38 ▼ 2.45%
since 2009
Wednesday, November 11, 2026

Brazil Local Politics

City Councilmen in Minas Approve Eighty Percent Reduction of Their Salaries

By · · 2 min read

By Xiu Ying, Contributing Reporter

RIO DE JANEIRO, BRAZIL – City Councilmen in the town of Arcos, Minas Gerais, approved a bill this week that reduces the salaries of the Municipal Legislature by 80 percent, starting in 2020.

The proposed reduction of up to 80 percent of salaries was approved on May 27.
The proposed reduction of up to 80 percent of salaries was approved on May 27th.
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The measure reduces the pay of the city parliamentarians from R$6,149 to R$1,229. The text further provides that the measure will be in effect until December 2024.

Another ruling, also approved by the Arcos city council last Monday, stipulates that the salary of the mayor, which is currently R$24,000, will be reduced by 50 percent, and that in 2020, municipal cabinet members will receive a salary 20 percent less than today.

The deputy mayor is also listed among the public servants who will see changes in their monthly remuneration–salary of R$6,400 will be reduced to R$5,100. This proposal still awaits the approval of the City Executive.

The project initially called for a salary reduction of 20 percent for all local governmental positions, but after the submission of amendments, it reached the approved amounts.

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According to the president of the council and the author of the proposal, City Councilman Luiz Henrique Sabino Messias (PSD), the proposal can save at least R$4 million from the city’s finances.

“The job of the councilman does not demand full-time dedication, and this House is an example of that. Almost the absolute majority has other paid functions. Given the crisis that affects the federal government, the state, and our municipality, there is nothing fairer than that such a reduction be proposed,” the councilman pointed out during the vote in the City Council.

This article was produced by The Rio Times’ automated AI newsroom. Editorial responsibility: Matthias Camenzind, Publisher and Editor-in-Chief. The Rio Times also runs Ask Rio Times, which answers from 100,000+ of our own articles, the daily Latin America Power Map, and prediction-market odds on elections and markets.. How we use AI · Report an error

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