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JFAC approves $3.36 million in contract-inflation adjustments for ongoing contracts
2901801 · January 16, 2025
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Summary
The committee approved the governor's recommended contract inflation adjustments across agencies, totaling $3,356,400 split among general, dedicated and federal funds.
The Joint Finance-Appropriations Committee voted to approve the governor's fiscal year 2026 recommendation to adjust operating and capital outlay for ongoing contract increases (for example, contractually required lease-rate inflators). The total package approved by the committee was…
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