Votes at a glance: insurance renewal, budgets, $15M financing resolution and 5% employee supplement approved

The Terrebonne Parish School Board on Feb. 18 approved a series of committee-recommended actions affecting district finances, facilities and staff compensation. Key votes included a property insurance renewal with an annual premium of $1,777,995; revised and original budget actions for the 2024–25 fiscal year; a resolution authorizing up to $15,000,000 in financing for renovation work at Terrebonne High School; and a one-time 5% salary supplement for eligible employees payable in May 2025.

Property insurance: The Finance, Insurance and Section 16 Lands Committee recommended and the board approved renewal of property insurance through USI Insurance Services Inc., providing $50,000,000 limits per occurrence with $12,500,000 sublimits for named storms and a $100,000 deductible per occurrence for all perils (named storms subject to a 5% deductible with $500,000 minimum); the listed annual premium was $1,777,995. The motion passed with no objections recorded.

Budgets: The board approved revised budgets for the 2024–25 fiscal…