Board flags Workers' Compensation uncertainty as FY2027 budget draft begins
The Drexel Heights Fire District began its Fiscal Year 2027 budget process but lacks Workers' Compensation rates after its carrier said it will stop writing Arizona policies July 1, 2026; alternatives discussed included the State Fund and Securis, which may require a $300,000 five-year deposit.
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District Administrator and Fire Chief Douglas Chappell presented the draft FY2027 budget as a starting point and told the board the district is still waiting for Workers' Compensation insurance rates. Chappell said the district was notified last Friday that its current Workers' Compensation carrier will stop writing policies in Arizona effective July 1, 2026. He identified two possible alternatives discussed in the minutes: the State Fund and Securis, the latter described as a mutual composed of Arizona fire districts that currently lacks capitalization.
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