The nearly 2.9 percent wage bump is outlined in a new two year agreement with the city's police benevolent and protective association.
Typically the contract lasts four years.
But economic uncertainty is prompting the city and the police union to cut that length in half.
While the decision will send both parties back to the bargaining table sooner, Deputy City Manager Pam Reece says each agrees it's the best choice.
"The economic situation of the state and national economy is really unknown. We don't know what's going to happen in terms of recession, unemployment, and things like that, and how that will affect us down the road," Reece explained.
City leaders vote on the contract Monday night.
If approved, it will go into effect immediately.