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Brown's Budget Proposes 88% Increase in Revolving Fund

By Greg Jones (Senior Editor)

Monday, January 14, 2013 | 0

California Gov. Jerry Brown’s proposed fiscal year 2013-2014 budget would nearly double the size of the Workers’ Compensation Administration Revolving Fund, with the money going to implement Senate Bill 863.Brown’s budget, which was released on Thursday, proposes an increase of $145.5 million – or 88.6% – in the revolving fund, which would grow to $309.5 million in the fiscal year that begins July 1 from $163.1 million budgeted for the current fiscal year.“These resources will support the reforms to medical provider networks, workers’ compensation lien...

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