PSCA Committee Releases Draft Budget Mark-Up — DISB Funding Unchanged From Mayor’s Request

Some insurance highlights from the attached Public Services and Consumer Affairs draft budget mark-up:

· DISB’s FY 2012 operating budget reflects the Mayor’s proposed 13% annual increase over FY 2011 from $15.09 million to $17.04 million;

· The total number of FTE employees at DISB is slated for a 9.8% year-over-year increase, from 102 to 112 FTEs;

· The HMO assessment (.03% of premium, or $859,553) is projected to be fully spent at the end of FY 2012, while the general Insurance Assessment of just over $7.8 million is projected to have a FY ending balance of about $134,000

· DISB’s total revenue collected for FY 2010 was nearly $27 million, with a budget of just over $15 million, reflected the long trend of that agency collecting far more than it spends to regulate markets within its jurisdiction.

These recommendations, which were unanimously approved by the PSCA committee on May 10, will now be considered by the full Council.

Kevin Wrege, Esq.

Founder & President

Pulse Issues & Advocacy LLC

Office: 202-625-1787

Mobile: 202-253-4929

4410 Massachusetts Ave., NW, #150

Washington, DC 20016

FY 2012 Budget Report – PSCA – DRAFT.DOCX


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