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FPDR board adopts $353 million FY 2026–27 budget, sets $17M contingency
Summary
The Fire & Police Disability & Retirement board unanimously adopted the staff‑recommended FY 2026–27 budget, citing rising pension and PERS costs, a projected surge of retirements in May, and a $17 million contingency to manage forecast risks.
The Fire & Police Disability & Retirement (FPDR) Board of Trustees voted to adopt the staff‑recommended FY 2026–27 budget on Jan. 30, approving the spending plan and five‑year forecast that staff said totals about $353,000,000 for the coming fiscal year.
Stacy, FPDR finance staff, told trustees the recommended budget reflects a 9.6% increase in total fund expenditures driven primarily by pension payments and rising PERS contributions. "That's $353,000,000 next year," she said, pointing to the slide with year‑over‑year comparisons and a five‑year forecast.
The budget package includes a $17 million fund contingency (about 6–6.5% of expenditures) to cover unexpected costs…
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