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Department of Financial Regulation presents largely level‑service FY2027 budget; salaries drive 2.9% increase
Summary
Commissioner Kai Sampson told the Senate Appropriations Committee the Department of Financial Regulation's FY2027 request is up about 2.9%, mostly for salaries and benefits; Sampson also highlighted a relaunch of a financial literacy grant program funded by enforcement receipts.
The Department of Financial Regulation (DFR) presented its FY2027 budget to the Senate Appropriations Committee, describing a roughly 2.9% increase driven primarily by salaries and benefits and no major new programs.
Commissioner Kai Sampson said the overall request is a level‑service budget with about 86% of the increase in salaries and benefits. "We're up 2.9% this year," Sampson said, and he added that the department is not…
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