The Board of Governors has approved the initial proposed budget for FY 2024-25 that would continue a 23-year tradition of calling for no member fee increases.

Budget Committee Chair-elect Jeffrey Rynor

Budget Committee Chair-elect Jeffrey Rynor said the budget, a 1.5% increase over current spending, projects $43.1 million in revenues and $48.4 million in expenses, for an operating loss of $5.3 million. The Bar typically runs a slight operating loss, and its finances are sound, Rynor said.