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Treasurer reports net increase; court discusses insurance levy and employee health coverage
Summary
The treasurer reported year-to-date net increases (receipts up ~$260,248, expenses up ~$92,000; general fund positive ~$446,901), and the court discussed McCracken County's recent insurance premium tax change and asked staff to model the fiscal impact of a potential local rate adjustment and health-insurance coverage changes.
Treasurer (speaker 10) told the Carlisle County Fiscal Court that compared with the prior month total receipts rose by about $260,248 while expenses increased roughly $92,000, producing a net positive change of about $168,000; the treasurer said the general fund is net positive approximately $446,901 for the fiscal year to date.
Court members discussed McCracken County's recent decision to reduce its insurance premium tax and asked the treasurer to model impacts for Carlisle County. The treasurer said a 0.5-percentage-point reduction locally would reduce revenue by an estimated "about $50-something thousand" based on current budget assumptions and offered to run quarter-close figures to produce a more precise forecast for next meeting.
The treasurer also presented modeling on employee health insurance coverage options, noting that increasing employer coverage to 80% would roughly cost an additional $28,000 annually (spread across 12 months) while producing savings for employees; the treasurer said that change represented roughly a 0.9% budget adjustment in the county's planning models.
The court voted to approve the monthly treasurer report and directed the treasurer to prepare scenario analyses (quarter and year projections, and examples at 0.25% and 0.5% insurance-premium-tax adjustments) for consideration at the March meeting.
What happens next: the treasurer will return with model runs and charts to help the court evaluate potential changes to the insurance premium tax rate and employee health-benefit levels.
