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Committee backs $1.1 million transfer to employee health insurance fund
Summary
Comptroller Sherman told the committee the employee health insurance fund faces heavy near-term claims and that a $1.1 million appropriation would cover expected December invoices and bridge the fund until 2026 budgeted support and stop-loss reimbursements arrive. The committee forwarded the appropriation to the full court.
The committee voted to forward an ordinance appropriating $1,100,000 from unappropriated reserves to the employee health insurance fund to ensure bills for 2025 services can be paid in December and into January and February.
Comptroller Sherman told the court, "Right now, current appropriations are at negative 85,000," and said the fund had about $629,000 in cash after payroll but was averaging roughly $826,000 in monthly outflows. Sherman said…
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