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El Paso retirement trust previews FY2025–26 budget; board to adopt next month
Summary
Staff presented a proposed FY2025–26 budget that increases reported annual expenses by 9.4% due mainly to the decision to include investment fees and several operational items previously omitted from the line‑item budget. Trustees provided feedback and will vote on adoption in August.
Staff presented a draft fiscal year 2025–26 budget to the City of El Paso Employees Retirement Trust on July 16 and asked trustees to review the proposal before a planned adoption vote next month.
The proposal, as presented, shows a total budget of roughly $101.36 million and a 9.4% increase over the prior year’s published budget. Staff said the increase is primarily the result of a change in presentation: several expense categories that historically were paid or netted outside of the annual operating…
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