(The Center Square) – Facing multiple lawsuits, workers’ compensation, and unemployment claims, the Spokane City Council is considering pulling $1.55 million from its reserves to settle before it’s too late.
Chief Financial Officer Matt Boston told the council on Monday that the risk management, workers’ and unemployment compensation funds are all experiencing higher activity than anticipated. The city must pay out the claims within a specific time, but each of the three funds has already exhausted its budget.
To get through the end of the year, the city may need to draw on its reserves to make ends meet. Late payments could mean additional penalties or litigation against the city, according to Monday’s agenda…