Board approves license‑fee policy after second‑read vote

The Board of Governors approved the license fee policy at second reading after a roll‑call vote following a presentation by Tiffany Lynch, director of finance. Lynch told the board the principal edits were relabeling the document from a “philosophy” to a “policy” and changing wording in the growth section from “increase” to “adjust.” The motion to approve the license fee policy was moved and seconded and carried in a roll‑call vote with the governors present voting in the affirmative and one member noted as absent. Lynch had earlier explained that the FY2026 revenue projections include a $10 license‑fee adjustment prorated for nine months of the fiscal year; she said any board action on a separate hardship exemption would be reflected in the final budget if adopted. No substantive debate was recorded in the meeting transcript before the vote. The policy text and the redline showing the edits appeared in the meeting materials on page 151 of the packet.