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CFO: Mercedes ISD health insurance fund faces shortfall; plan to seek cost savings without cutting core benefits
Summary
The district’s health insurance fund is projecting a shortfall for the 2024–25 year; the CFO said staff will present cost‑saving measures to the insurance committee and possibly the full board.
Mercedes ISD financial staff told trustees March 18 that the district’s health insurance fund is projecting a year‑end shortfall and will likely require a transfer from the general fund if current claim trends continue.
Miss Garza, the district chief financial officer, presented the health insurance fund figures and said the September‑through‑February run rate extrapolated through August produces an estimated $1.8 million shortfall in the insurance fund and a projected year‑end fund balance of…
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