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Malabar staff begins FY26/27 budget work, proposes 4% COLA for non-contracted staff
Summary
Town Manager Lisa Morrell reported a positive FY25/26 year-end outlook and said she is preparing the FY26/27 budget using a 4% cost-of-living adjustment (COLA) for non-contracted staff as a planning assumption; council discussed last year’s 3% COLA and generally supported the 4% planning figure.
Town Manager Lisa Morrell told the council the year-end FY25/26 estimates look favorable and that she is developing the FY26/27 budget. As a planning assumption she said she was including a 4% cost-of-living adjustment for non-contracted staff, noting the local CPI is about 3% and other municipalities are using 4%.
Council Member Wayne Abare asked what the COLA was last year; Morrell said it was 3%. Abare said he was comfortable with a 3% figure but the mayor and other members indicated agreement with using 4% as the working planning number. Morrell reminded council that staff reserves Mondays for council briefings to discuss budget matters; she will return with a proposed budget for council review in the coming weeks.
