January 3, 2017 -- The City of Santa Monica’s costs for workers’ compensation rose sharply last fiscal year, prompting a warning by the City's finance director that a 53 percent increase in funding likely will be needed soon.

The City’s Workers’ Compensation Self-Insurance Fund for the 2017-2018 year will need to be increased by $7.1 million, or from $13.4 million to $20.5 million -- or 53 percent -- to “maintain an adequate confidence level,” the report said.

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