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Marietta finance staff warns of a tight FY27 budget, recommends mid‑year raises and use of reserves
Summary
City finance staff gave the Finance & Investment Committee a FY26 performance update and an FY27 preview that includes a proposed 4% mid‑year pay increase for eligible employees, no new full‑time headcount, use of roughly $1 million in self‑insurance reserves this year and continued pressure from rising property/casualty and wholesale water/wastewater costs.
Finance staff presented a FY26 financial performance update and a preview of the recommended FY27 budget at a special meeting of the Finance & Investment Committee. The presentation, delivered by city finance staff (speaker 6), emphasized that revenue growth is constrained, several cost drivers are increasing and the budget year will be tight.
Staff said a 4% mid‑year salary increase is assumed for eligible employees (those hired on or before July 1 and employed for six months), while no additional full‑time positions are proposed. “We assume a mid‑year increase of 4% for…
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