Serving Whitman County since 1877

City to pay insurance bill

Colfax will pay a share of makeup funds under a plan from Cities Insurance Association of Washington, Ephrata, to comply with state Office of Financial Management requests. The plan involves retroactive assessments to make up a funding gap between 2002-2007.

Mayor Norma Becker explained at the March 1 city council session that the assessment is based on reserves the insurance pool has been ordered to have on hand. The insurance pool had been able to pay off all claims.

Beginning in August, members of the insurance pool will be required to pay an additional $197,242 per year over the next five...

 

Reader Comments(0)