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Finance committee approves FY2026 budget policy; 4% COLA set, finance director to quantify payroll impact
Summary
Davidson County’s finance committee approved the county’s fiscal year 2026 budget policy, including a 4% cost-of-living adjustment (COLA) guideline; the finance director will calculate the expected payroll cost increase, including IMRF and Social Security, and report back next month
The Davidson County finance committee approved the fiscal year 2026 administrative budget policy and affirmed a 4% cost-of-living adjustment (COLA) guideline for employees, and asked the finance director to estimate the payroll cost impact including IMRF and Social Security contributions by next month.
The committee’s motion to approve the budget policy passed after discussion about how…
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