Payment Strategies for Settling Claims and Paying Judgements

The difference between the amount of a settlement or judgement and public agency liability coverage most often can't be drawn from reserves without threatening an  agency's long-term financial sustainability. Developing a payment strategy for filing the  gap will be essential. This session will discuss the strengths and weaknesses of different  payment strategies for different agencies including receiverships and emergency  apportionments, tax increases, and bond issuance. Panelists will address the challenging  constitutional, statutory, and procedural hurdles and how they may be overcome to  form a viable payment strategy.