IDA board adopts 2027 budget despite projected shortfall
The IDA board adopted a proposed 2027 budget after the chief financial officer outlined higher projected investment earnings, a 3% across-the-board salary increase, rising health-insurance costs and a roughly 5% rise in operating expenditures; the CFO said the budget may show a shortfall pending unspecified fees.
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The Industrial Development Authority board voted to adopt the proposed budget for 2027 after the chief financial officer summarized key assumptions and cost pressures.
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