Directors Set IAPE Budget

The IAPE Board of Directors has approved the union’s budget for the 2026-27 fiscal year, which began on October 1.

Planning for expenses related to Dow Jones contract negotiations and the addition of a new union staff representative, IAPE’s governing board authorized a spending package to increase expenses by 11.73%, anticipating a nearly $60,000 deficit.

The new budget also projects a 1.23% decrease in dues revenue thanks to a declining membership base. Revenue from the new Schneps bargaining unit, or any bargaining units organized by IAPE, will not begin until the ratification of a first contract.

IAPE will still be able to tap into its relatively healthy treasury if necessary. The fiscal year which ended on Sept. 30 produced an unaudited $240,000 surplus to boost those financial reserves.

Apart from CWA per capita dues—IAPE is required to send 40% of every dues dollar it receives to our international parent union—and staff payroll and benefits, projected big ticket line items for IAPE for the upcoming bargaining year are legal fees and mobilization. Directors also approved funding for union officer stipends, in the event the next Board of Directors opts to continue those payments when the new term of office begins on Dec. 1.

And the Survey Says . . .
Thanks to the 250 IAPE members who have responded to the 2027 Dow Jones Contract Survey. Extra thanks to the members who answered our steward phone bankers during last week’s member call blitz!

Your feedback on 2027 contract priorities is vital to our preparation of new bargaining proposals. If you haven’t had a chance to fill out our brief survey yet, you still have a chance. See your email for a link to our survey form.

It’s your contract! Tell us what you want!