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Department of Finance requests $13.9 million for FY2026, cites staffing, audits and IT upgrades
Summary
The Department of Finance presented a $13.92 million FY2026 operating budget to the legislature, highlighting staffing gaps, upgrades to financial systems and a push to finish outstanding audits as priorities for the year.
The Department of Finance presented its fiscal year 2026 operating budget of $13,918,102 to the Committee on Budget, Appropriations and Finance on June 10, 2025. Executive Assistant Commissioner Clarena Modis Elliott testified that the request would fund 50 full‑time positions and support efforts to update technology, complete long‑running audits and strengthen internal controls.
The budget request is largely personnel driven. The department told senators it proposes $5,078,841 for personnel and $1,526,271 for fringe, along with $7,970,667 in other services and charges. Modis Elliott said the accounting operation — currently staffed by three analysts — processed over 50,000 transactions totaling roughly $900 million year‑to‑date and that that workload, plus audit obligations, justify continued staffing and training investments.
Why it matters: Finance holds custody and accounting responsibilities that affect…
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