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Finance department proposes $24.4 million general‑fund budget for FY26 and a multi‑year ERP/FAST investment
Summary
CFO Bala and Deputy CFO Carr presented the Department of Finance FY26 proposal to the Finance Executive Committee, highlighting recovered revenues, a large one‑time multi‑year investment in a new business-licensing system (FAST/ATL Biz), pension audit remediation and ongoing Oracle optimization with Deloitte.
CFO Bala and Deputy CFO (DCFO) Carr told the Finance Executive Committee that the Department of Finance proposes a $24.4 million general‑fund budget for FY26, and will make a phased multi‑year investment in a new business‑licensing system (referred to as FAST/ATL Biz) to modernize licensing, permitting and revenue collection.
Bala said the department recorded recent recoveries of outstanding revenue “in excess of $26,000,000” and that watershed refundings produced about $42,000,000 in present‑value savings. She also reported that a longstanding pension‑data audit finding has been closed after work by the controller’s team, HR, actuaries and the law department.
The nut graf: the finance…
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