Local Government Center to pay out $33.2 million from surplus
The returns amount to windfalls for taxpayers of each municipality and school district.
Portsmouth City Manager John Bohenko said the city, which is set to receive nearly $650,000, factored the return of surplus in this year’s budget for health insurance. He said the city plans to issue refunds to employees who pay premiums for health insurance.
According to the lists, the largest share — $1.16 million — is scheduled to be returned to School Administrative Unit 16, which includes Exeter and several surrounding towns.
“So if you paid 1 percent of contributions, you would get 1 percent of the return,” Bald said.
Bald has yet to publicly identify how LGC will return a third payment of that calls for returning $17 million that was taken from members of the agency’s health insurance risk pool and used to subsidize a workers’ compensation program. The order determined that, because the members of the two risk pools didn’t match, the transfers of money were improper.
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