Committee hears unexpected $3 million liability payment and VHFA appropriation adjustments
Finance staff told the committee about an unanticipated $3 million payment recorded to the state liability self-insurance fund tied to a multiyear federal settlement; members also discussed a returned VHFA appropriation originally intended for a weatherization program.
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Finance staff alerted the committee to a $3,000,000 payment that posted to the state liability self-insurance fund in July as part of a multi-part federal settlement described in the hearing. The payment had not been included in the administration's Budget Adjustment Act assumptions and prompted staff to flag the need to replenish the liability fund with properly identified (non-federal) sources.
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