As stated before, these wage-and-benefit increases place an implicit lien on future revenues. The chart below details the compounding effect of wage-and-benefit increases in addition to FTE increases since FY 2015. Obviously, each year we need to grow our revenues to overcome these increases.
Wage & Benefit Increases ('000s)
5,000 10,000 15,000 20,000 25,000 30,000 35,000
2016
2017
2018 (F)
2019 (B)
(5,000)
Wage Increases
Benefit Increases
Cumulative
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