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Pasco council approves $6.5 million interfund loan to shore up city health insurance fund
Summary
Council authorized a $6.5 million loan from the economic development fund to the city’s medical and dental insurance fund to stabilize cash flow; staff said the loan will be repaid from plan revenues and that the economic development fund retains reserve capacity for future projects.
The Pasco City Council approved resolution 4660 authorizing a $6.5 million interfund loan from the economic development fund to the city’s medical and dental insurance fund to address short‑term cash needs.
Interim finance staff explained that the city maintains multiple restricted funds and that the medical/dental insurance fund had a near‑term…
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