Insurance and health premiums squeeze Del Rey Oaks budget
City staff told council liability insurance is rising sharply (about 30% year over year) and health premiums are increasing ~13%, both cited as key cost drivers that will force continued spending restraint.
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City staff warned that rising insurance and benefit costs are a central pressure on the FY 2026-27 budget. City Manager John Gertin told the council that liability insurance "has been going up 30% a year," and Finance Manager Elizabeth Mariano said liability increases were calculated using a draft from the city's provider, which produced an estimated liability-insurance increase of about $148,000 in the packet.
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