The Myrtle Beach city council is in favor of a “wind-up ordinance” to cover a nearly $1.5 million deficit in the health insurance fund on Wednesday, Nov. 12.
The city’s leaders unanimously approved adjusting the FY26 budget by reallocating $1.5 million from the general fund to the health insurance fund in the first reading of the ordinance.
Chief Financial Officer Michelle Shumpert addressed council and said it was discussed at the budget retreat earlier this year that health insurance claims were running about 30% higher than expected and a $2.9 million deficit at the end of 2025 was expected…