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JFAC approves $3.36 million in contract inflation adjustments for ongoing leases and contracts
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 staff presented the request and noted detailed agency line items appear later in the packet. Representative Miller moved the motion to include the governor’s recommendation; a senator seconded. The committee took no substitute motions and approved the funding; the clerk read recorded ayes from Senate and House members. The chair announced the motion passed and would be included in maintenance budgeting going forward.
Analysts said the requested amount includes $1,291,500 from the general fund, $935,400 from dedicated funds and $1,129,500 from federal funds. Committee members expressed no significant disagreement on this item; it was treated as a technical, ongoing contractual cost adjustment rather than a policy change.
