Flash Report: DWC May Run Out of Money in Five Weeks

Thanks to a major budgetary oversight, the Division of Workers' Comp may only have enough money to run for the next five weeks. A clerical error in the labor code means the DWC is short $54.6 million needed to keep the office running.AB 227 signed into law last year included a provision to fund DWC entirely with employer surcharges. AB 227 became law Jan. 1, but 10 days after signing AB 227, former Governor Davis signed a budget that included the DWC's old funding formula, which has em