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Committee hears that one analyst oversees $11 billion in insured property; department asks for property valuation analyst
Summary
The committee reviewed the Division of Risk and Insurance’s workload and a request for an additional staff position to audit state property values after finding over‑insurance and buildings listed that had been demolished.
Representative Tanner asked for detail on the retained risk account and whether fluctuations in the fund balance were explained by continuously appropriated expenditures. Frances Lippitt, the Legislative Services analyst, told the panel that the ending fund balance figures for FY2025–FY2026 in the agency’s presentation exclude continuously appropriated expenditures, and she recommended limiting trend analysis to fiscal years 2022–2024 for that fund.
Faith Knowlton, administrator for the division of insurance within the Department of Administration, told the committee the division currently has a single analyst…
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