Finance and Administration Committee Special Called Meeting - October 20, 2025

Finance Administration Committee, Holly Springs City

0:00/17m

17:26

0:00

5:00

10:00

15:00

General fund: benefits and revenue adjustment

Presentation

0:00 → 1:01(1m 0s)

Speaker 1 reviewed proposed benefit cost increases in the general fund: health insurance up 33%, dental up 5%, long-term disability up 5%, and workers' compensation up 10%. Speaker 1 also reported a $200,000 upward revision to revenues after receiving higher-than-expected insurance premium tax receipts on the 15th of the month.

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The Finance Administration Committee reviewed the proposed 2026 budget and the 2026–2030 Capital Improvement Plan, discussed insurance and benefit cost increases, transfers to the town center and debt service funds, and approved minutes and the CIP to send on to council. Public hearings and council adoption dates were noted.

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Transcript

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