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Indian Trail workshop outlines FY27 budget, flags 2.5% COLA and large health-cost increase
Summary
At a fourth budget workshop, town staff reviewed departmental budgets and proposed a 2.5% cost-of-living adjustment, a new communications coordinator and stepped-up personnel spending; health insurance renewal and a proposed 5.5-cent debt service cap reserve were identified as near-term pressures.
Indian Trail officials reviewed the town’s FY27 spending priorities at the fourth budget workshop, focusing on personnel costs, revenue assumptions and planned capital work.
Town Manager Adam led the meeting and presented a broad recap of prior sessions, saying staff would circulate printed packets "coming off the printer" and that the evening would concentrate on personnel numbers and outstanding capital questions. Finance staff reported several FY26 accomplishments — an unqualified audit opinion, a GFOA budget award and a completed banking…
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