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Hobbs budget includes 3% COLA; staff count trimmed in FY26 preliminary plan
Summary
Finance staff presented the salary, benefits and FTE assumptions for FY 2026: a 3% cost‑of‑living adjustment, a small PERA increase, a flat health insurance assumption, and a reduction in budgeted FTEs compared with FY 2025.
Assistant Deb Corral and CFO Toby Spears gave the commission a detailed look at salary and benefits assumptions in the FY 2026 preliminary budget, highlighting a modest pay increase, benefit changes and lower budgeted headcount.
"You'll see the entire $59,000,000 on that page," Assistant Deb Corral said, referring to the all‑funds salary and benefits total that staff included in the book. "The assumptions that got us there were a 3% COLA built into the budget. And in addition to that, there were approximately…
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