FY2026 Proposed Operating and Capital Budgets

FY2026 Proposed Budget Fund Budgets

Risk Management Insurance

Risk Management Insurance The Risk Management Insurance Fund was renamed (previously Workers Compensation) and now includes property and liability insurance in addition to worker’s compensation insurance. It is an Internal Service Fund used to collect premiums from within county departments and agencies. The funds are then used to pay premium and deductible payments. The establishment of this fund will bring more stability to County departments and agencies as insurance premiums and minimum deductibles continue to increase. Presented for informational purposes only and is not adopted by the County Council. Budget Highlights The FY26 budget reflects a slightly higher claim experience with workers compensation and a new service that is expected to lower auto premiums in the future. An independent study of salary and benefits was conducted. As a result, the budget reflects a several year phase in to adjust the salaries of certain positions to reflect current market rates, as well as adjustments to salary scales, position titles, and classifications. Changes in salaries and benefits based on contracts, individual benefit elections, tax laws, etc., are also included.

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