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Committee approves contract inflation and statewide cost-allocation adjustments
Summary
JFAC approved contract inflation adjustments and statewide cost allocation changes that together change agency operating lines by several million dollars; both passed with bipartisan support from both House and Senate JFAC delegations.
The Joint Finance-Appropriations Committee approved two statewide decisions that adjust agency budgets for contractual inflation and cost-allocation billings.
On contract inflation, staff recommended adjustments for ongoing increases defined in contracts (for example, lease escalators). Representative Miller moved to include the governor’s FY2026…
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