In a recent meeting of the finance committee, members convened to discuss the 2025 budget, focusing on health insurance costs and the potential impact on staffing and expenditures. Mayor highlighted a significant achievement by the HR department, which managed to secure health insurance rates below the anticipated double-digit increases, resulting in savings of approximately $552,000. This development is expected to ease the budgetary process moving forward.

The committee also addressed the funding of two additional police officer positions, initially supported by ARPA funds. There was a proposal to move these positions to a grants fund to avoid impacting the expenditure restraint calculation, which could complicate future budgets if foundation funding were to decrease. The finance team emphasized the importance of maintaining these positions within the general fund to simplify budget management in subsequent years.

Additionally, a revised capital plan was presented, including a local share agreement with the Department of Transportation for a design project on Grand Avenue, which will not require borrowing and will be funded from existing reserves.

The committee is set to continue discussions on budget reductions and the implications of various funding strategies, with a focus on ensuring that the city meets its financial obligations while maintaining essential services. The next meeting is scheduled for Tuesday, where further details on the health insurance plan and budget recommendations will be discussed.