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SISD finance staff say health fund faces $14M shortfall; district to convene employee committee and consider premium increases
Summary
CFO David Solis reported a multi‑million dollar health‑fund deficit and recommended a committee to propose plan design and premium changes. District leaders set a timeline for a committee process and expect a recommendation to the board by August.
Socorro ISD officials told the Board of Trustees on Wednesday that the district’s internal health fund shows a multi‑million dollar deficit and that administrators will convene an employee committee to recommend plan design changes and premium adjustments.
David Solis, the district’s chief financial officer, reported the health fund is showing a $14,000,000 deficit and that administration anticipates needing to transfer about $11,400,000 from the general fund by year end to cover the shortfall. Solis said the district spent about $11,000,000 more on health care costs than at the same time last year and that…
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