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Liberty Hill ISD board approves TASB insurance package amid rising valuations
Summary
Trustees approved a TASB Risk Management Fund insurance plan for 2024–25, funding $899,657 from the general fund after administrators said the district's insured values rose to about $503 million and per-$100 valuation costs increased to $0.16.
The Liberty Hill Independent School District Board of Trustees on Aug. 19 approved joining the TASB Risk Management Fund for the district's property, automobile, cyber and general-liability coverage for the 2024–25 school year, trustees said.
Administrators told the board that insured values in 2023–24 were about $423,000,000 and had grown to roughly $503,000,000 after the addition of Tierra Rosa and Legacy Ranch Middle School. That growth, together with market-driven premium increases, raised the district's cost rate from about…
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