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Finance committee preliminarily approves FY26 budget proposal and $66 million city subsidy request
Summary
The Hospital Authority Finance Committee voted to preliminarily approve the fiscal year 2026 budget package and to submit a $66,000,000 subsidy request to the city; the budget reflects conservative growth assumptions, reductions in contract labor and a projected decrease in overall expenses versus FY25 trajectory.
The Hospital Authority Finance Committee approved a preliminary fiscal year 2026 budget and authorized staff to present the request to the city on the city—udget schedule. The committee vote approved a proposed subsidy request of $66,000,000.
Dr. Blackledge, who presented the budget materials, said the FY26 proposal began with FY25 actuals and a six-month run-rate projection, then applied growth and expense assumptions. He described four growth categories used in a five-year planning model and said the committee's materials apply a 2% general growth assumption in some revenue lines and a…
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