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Committee approves $3.36 million in contract‑inflation adjustments for agency contracts and leases
2754270 · January 16, 2025
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Summary
The committee approved the governor’s fiscal‑year 2026 request to adjust operating and capital outlay for ongoing contract inflation, totaling $3,356,400 across general, dedicated and federal funds.
Keith Bybee, Division Manager for the Budget Policy Analysis Division, described the contract‑inflation request as “ongoing increases as defined in a contract,” such as stipulated lease escalators. The packet listed a total request of $3,356,400 for fiscal…
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