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Finance briefs council on FY26 pressures: health-care costs, capital variability and tighter budgets
Summary
Finance staff outlined FY26 budget pressures including an estimated 8% health-care increase, capital variability, a conservative budgeting approach and planned steps to improve transparency of controllable versus uncontrollable costs. Finance proposed limited operational growth and emphasized the five-year capital plan.
Doug Racine, leading the finance presentation, briefed council on FY26 budget planning, identified uncontrollable cost drivers and described procedural changes to improve long-term capital visibility.
Racine emphasized a conservative approach to the operating budget and described several drivers that will affect FY26. He said the finance operational budget rose modestly from about $1.61 million last year to a proposed $1.672 million for FY26—an increase of roughly $62,000, or about 3.8 percent—and that operational increases in many departments are limited to wage and benefit changes rather than new positions. He called out an approximate 8%…
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