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Council deadlocks 5‑5 on $750,000 supplemental for self‑funded health insurance; proposal fails
Summary
City finance staff said the self‑funded health insurance fund had a negative balance of roughly $750,000 at Oct. 31, 2024. Council considered two allocation methods for a supplemental appropriation but a motion to approve the administrative‑chargeback allocation failed in a 5‑5 tie.
The Jefferson City Council voted on a supplemental appropriation to cover a 2024 shortfall in the city’s self‑funded health insurance fund but the measure failed on a 5‑5 tie.
What staff reported: Finance director Missy Perry told council the self‑funded health insurance fund had a negative balance of about $750,000 at Oct. 31, 2024. Perry said audited FY2023 figures showed a $430,000 positive balance carried into FY2024; after final FY2024 activity the fund was in the negative and the supplemental was intended to restore a zero balance for FY2024 closing.…
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