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Middlesex County EDA approves FY 2026–27 budget with 2% salary adjustment
Summary
The Economic Development Authority approved the FY 2026–27 budget, including a 2% general salary adjustment and increased insurance costs for the Office Manager; the budget passed by acclamation at the June 8 meeting.
The Economic Development Authority of Middlesex County approved its fiscal year 2026–27 budget at its June 8 meeting in Saluda.
Executive Director Trenton Funkhouser presented the spending plan, noting it incorporates a 2% general salary adjustment consistent with the Board of Supervisors' action and higher insurance costs associated with the EDA's share of health coverage for the Office Manager. "The FY 26 -27 EDA Budget was approved by acclamation," Funkhouser reported. The board voted to adopt the budget without recorded dissent.
The budget's approval was announced alongside routine financial updates, including a Treasury Direct bill that matured May 14 and an updated accounts-receivable item reflecting accrued interest on Middlesex Water Authority loans. The board did not make supplemental appropriations or amendments at the meeting; staff will present routine financial reports at future meetings.
