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Agency of Administration budget: workers' compensation premiums rise, deficit amortized over time
Summary
Agency of Administration chief operating officer Nick Kramer told the House Appropriations Committee on Jan. 27 that workers' compensation premium collections are up about 13.4% and the fund is being slowly amortized after several years in deficit. Kramer also described staffing changes and a planned revision to state grants guidance (Bulletin 5).
Nick Kramer, chief operating officer for the Agency of Administration, told the House Appropriations Committee on Jan. 27 that the agency’s central business unit is carrying multiple “orphaned” or miscellaneous budget items and that the FY27 presentation reflects that breadth.
“We've got lots going on,” Kramer said, noting the Financial Services Division consists of 10 people and is funded entirely by interdepartmental transfers. He described the agency's funding mix as roughly one-third general fund, one-third interdepartmental transfers (IDT) and one-third internal service funds (ISF), and said some small special funds — including a $125,000 clean-water allocation for stormwater municipal incentive payments — flow through his…
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