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Fall River council approves $2.5M transfer to cover employer health trust shortfall after finance briefing
Summary
Finance staff told council the city moved to transfer $2.5 million from FY24 surplus to the Employer Health Trust Fund after claims and funding assumptions left the trust running short; councilors sought detailed Gallagher/Blue Cross analyses and more frequent notification protocols.
Fall River finance staff told the City Council that the Employer Health Trust Fund was running a shortfall and the administration proposed a $2.5 million transfer from FY24 surplus to stabilize the trust.
Interim Director of Finance Emily Erpke said the FY25 appropriation for health care fell short of actual claims growth; staff earlier made a $2.5 million…
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