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Finance committee told health-insurance error lowers projected budget increase
Summary
County finance staff reported a calculation error in health-insurance budgeting that reduces the projected overall increase for the 2023–24 budget from 5.99% to 5.26%; staff offered to circulate corrected department lines.
Alex Kimbell, deputy manager of finance and administration for Cumberland County, told the Finance Committee on Oct. 12 that he discovered a major calculation error in the health-insurance line used to build the 2023–24 budget. The mistake, Kimbell said, came from applying an 8% insurance increase twice when constructing a half-year baseline, which overstated department costs.
Kimbell said the error…
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