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Risk office defends FY26 budgets as council questions proposed liability caps in BSA subtitle
Summary
The Office of Risk Management presented its FY26 budgets and responded to council concerns about a Budget Support Act subtitle that would cap damages for settlements; ORM officials said caps provide fiscal certainty but some council members warned about limiting payouts for severe harms.
The Committee on Public Works and Operations reviewed the Office of Risk Management—s (ORM) FY26 budget and questioned proposed Budget Support Act language that would cap damages in certain claims. Jed Ross, chief risk officer and ORM director, testified the agency—s FY26 operating lines would continue core programs—workers' compensation, tort settlements, captive insurance and risk prevention and safety—while noting funding shifts to reflect claim trends and insurance market costs.
Ross described the four ORM budget codes and figures: the employee compensation fund (BG0) is proposed at $18,285,541 with 51 FTEs; the settlements and judgments fund (ZH0) at $24,000,000 (an increase of $2,975,241); the captive insurance account (RJ0) at $11,732,526 with six FTEs; and the ORM operational budget (RK0) at $4,465,127 with 32 FTEs. He said RJ0 includes additional funding for insurance and professional…
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