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Hopewell presents FY26 spending plan; council approves split health-insurance increase
Summary
City finance staff presented a high-level FY26 expense forecast including a 3% COLA, 12% health-insurance renewal and capital priorities; council approved option A to share the insurance increase with employees, 6–0.
Finance staff presented the city’s preliminary FY26 expense forecast and capital priorities during a work session on March 26 and outlined administrative recommendations for health insurance renewal.
Miss Jordan (finance staff) described the city’s expense strategy as maintaining current operations, funding capital where possible, and building reserves from leftover revenues. Key assumptions presented included a 3% cost-of-living adjustment (COLA)…
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