Spokane County to consider 49% increase in liability charges after actuary flags shortfall
Actuary analysis showed the county's liability fund is below recommended reserves; staff and the actuary recommended raising charges to departments to restore a healthier reserve position and reduce future volatility.
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Spokane County staff on June 2 told the Board of County Commissioners that the county’s liability/risk reserve is below the level recommended by the actuary and recommended increasing department charges to the risk pool by 49% to move reserves nearer the actuary’s target range.
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