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Committee approves contract inflation and statewide cost-allocation adjustments
Summary
The committee approved the governor’s recommendations for contract inflation increases and for statewide cost-allocation adjustments affecting multiple agencies; both motions passed with recorded majorities from both House and Senate delegations on JFAC.
The Joint Finance-Appropriations Committee approved two routine, statewide budget adjustments: contract inflation increases and a set of statewide cost-allocation changes.
Analysts described contract inflation as payments for ongoing increases in contracts (for example, lease inflators). The committee approved the governor’s request covering $3,356,400 in total…
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