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County finance staff explain employee-benefits mill-levy cut, projected fund balance declines and future risks
Summary
Douglas County finance staff told commissioners the 2025 mill-levy reduction for the employee-benefits fund is working to reduce an overly high fund balance; staff projected the fund balance will decline toward targeted levels and warned the fund may require increased levy support in future years depending on claims and plan design.
Douglas County finance staff summarized the county’s employee-benefits fund and the effect of a mill-levy reduction at the July 10 budget hearing, telling commissioners the 2025 mill-levy decrease is reducing a previously elevated fund balance but that the county may need to rebuild levy support in future years if claims, KPERS, or plan-design changes increase costs.
Finance staff said the employee-benefits fund had an unusually high fund balance (about…
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