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County warns of rising property‑insurance costs as new facilities and valuations increase premiums
Summary
Finance staff told commissioners that property-insurance actuals have already exceeded budgeted amounts and that upcoming facility additions and updated replacement valuations will further raise premiums.
Gadsden County finance staff told commissioners that property-insurance premiums have already exceeded prior-year budgeted amounts and that valuations and several planned county facilities will increase the county's property-insurance exposure.
The finance packet showed prior-year budgeted property-insurance estimates of roughly $1.0 million but actual premiums of approximately $1.55 million; the current-year…
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