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Maplewood budget session flags higher insurance costs, refined legal budgeting and a new court report
Summary
City finance staff told council insurance premiums are rising substantially and projected a 30% increase in bonding and insurance; staff also itemized legal expenses and proposed a new court activity report for future council meetings.
During the May 6 work session staff identified several notable changes in the executive and court budgets: a substantial increase in insurance and bonding costs, a reworked legal-services budget and refined health/ancillary insurance estimates for the court account.
Staff said the executive account shows a roughly 30% increase in bonding and insurance budgeted for next year based on current indications from insurers; staff said they will seek bids and…
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