Mobile Website | Login | Register
Staff Directory | Subscribe | About Us
Business Government Politics Region Crime/Public Safety Education People E-edition Ashburn Hamilton Hillsboro Lansdowne Leesburg Lovettsville Middleburg Purcellville River Creek Round Hill Sterling
Basketball Football Youth Wrestling Gymnastics Swimming Volleyball Baseball Track Golf Cheer Cross Country Schedule Scores
Brambleton Community of Faith Hangin in the Nosebleeds Journal Entry Loudoun Essence Made in Loudoun Odd Angles River Creek & Lansdowne South Riding Sterling, Cascades & CountrySide
This Week's Slideshow Browse All Galleries Your Best Dish Featured Video The Virginians
  • Announcements
  • Autos
  • Jobs
  • Legals
  • Homes
  • YardSales
  • Submit an Ad
  • Newspaper Advertising Online Advertising
    Classified listings Homes section

    BOS recommends fixes for LCPS self-insurance fund deficit

    Loudoun's Board of Supervisors has recommended using money from the general funds to decrease the deficit in Loudoun County Public School's self-insurance fund.

    In the fall, LCPS Board members requested $12.5 million from the BOS that LCPS said the county took from the school district's self-insurance fund in 2009 to cover an anticipated revenue shortfall that never materialized in the face of the recession.

    BOS have been in discussions since on whether the claim is justified and what they should do to cover an undeniable shortfall in LCPS's self-insurance fund.

    By the end of 2014, the school district's self-insurance fund had a deficit of more than $14 million.

    BOS acknowledged taking money from LCPS's self-insurance fund as well as other funds throughout the county to get the general county fund out of the black. However, they said in a health fund fact sheet released recently that they deny the allegation that the current LCPS deficit is a result of funds taken in 2009.

    They’re recommending using some of the general funds to cover some of the self-insurance fund deficits while also suggesting LCPS work toward a more permanent fix with some restructuring within the fund by balancing health care costs and premium levels.

    Final action will be decided at the Jan. 7 Board of Supervisors meeting.

    Get Email Updates


    Follow Us
    on Twitter

    News | Sports

    Like Us
    on Facebook

    News & Sports

    Join Our
    Email List

    Sign up for
    weekly updates
    The Loudoun Times-Mirror

    is an interactive, digital replica
    of the printed newspaper.
    Open the e-edition now.

    2014 Loudoun Holiday Gift Guide

    2014 Holiday Leesburg Downtown

    Loudoun Business Journal - Fall 2014

    Loudoun Business Journal - Summer 2014

    Loudoun Business Journal - Spring 2014