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JFAC approves $3.36 million in contract inflation adjustments for ongoing leases and contracts
2390171 · January 16, 2025
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Summary
The committee approved the governor's FY2026 request to fund ongoing increases defined by contracts (for example, lease rate inflators) totaling $3,356,400 across general, dedicated and federal funds.
The Joint Finance-Appropriations Committee approved the governor’s FY2026 recommendation to fund ongoing contract inflation adjustments—cost increases that arise under existing contracts such as lease escalators—totaling $3,356,400.
Committee…
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