City Council approves 2025 insurance contract with EMC amidst rising rates nationwide

December 02, 2024 | Atchison City , Atchison County, Kansas

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City Council approves 2025 insurance contract with EMC amidst rising rates nationwide

This article was created by AI using a video recording of the meeting. It summarizes the key points discussed, but for full details and context, please refer to the video of the full meeting. Link to Full Meeting

At the recent Atchison City Commission meeting on December 2, 2024, city officials addressed significant changes in insurance and water rates that will impact residents and businesses alike.

The commission approved a contract with EMC for property and casualty insurance for 2025, which, despite a nationwide trend of insurance rate increases averaging over 20%, will see Atchison's rates rise by only 9%. This is below the anticipated 15% increase that had been budgeted, showcasing effective financial planning and negotiation efforts by city staff and their insurance agent, Riley Company. The decision reflects a commitment to maintaining fiscal responsibility while ensuring adequate coverage for city-owned properties.

In addition to insurance discussions, the commission reviewed proposed changes to water rates. Following a comprehensive water rate study conducted in 2020, the city has been incrementally adjusting rates to address financial challenges and fund necessary infrastructure projects. The new rates will result in an approximate $5 increase on a $100 utility bill for residential users, while industrial and commercial users will face higher percentage increases. Notably, the city will not raise rates for low-income elderly residents who qualify for discounts, ensuring that vulnerable populations are protected from financial strain.

The commission's decisions underscore a proactive approach to managing city finances and infrastructure needs while considering the welfare of its residents. As these changes take effect, the city aims to balance fiscal health with community support, paving the way for future projects and improvements.

Converted from Atchison City Commission Meeting 12/02/2024 meeting on December 02, 2024
Link to Full Meeting

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