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Comptroller asks court to cover $1 million insurance-fund shortfall; members send ordinance to full court
Summary
Washington County comptroller told the finance quorum court health insurance claims exceeded budgeted amounts; the court voted to forward an ordinance to appropriate $1,000,000 from the insurance fund’s unappropriated reserves to cover claims through year-end.
Washington County officials told the finance quorum court on Thursday that the county’s employee health-insurance fund is running a deficit and the comptroller recommended an ordinance to move $1,000,000 from that fund’s unappropriated reserves into the 2024 budget.
Comptroller Toby Sherman said the insurance fund had a shortfall — “it's a $119,000 in the hole” on a month-to-month accounting basis, and claims have run well above recent budgeted averages. “We’ve been having a bad year,” Sherman said. He explained that the county had…
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