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Stewartville board approves higher insurance premiums, certifies levy cap and adopts minor policy edits
Summary
The Stewartville Public School District board approved a renewed insurance package with higher premiums and deductibles, certified its maximum levy authority for 2025 collection, accepted community donations for school supplies, and adopted minor editorial policy updates. The insurance vote followed discussion of recent claims and fiscal impacts on reserves.
The Stewartville Public School District Board of Education voted to approve its insurance renewal and several routine items during a regular meeting that included levy certification and policy edits.
Superintendent (speaker labeled Superintendent) told the board the district’s recent loss history — including a November 2022 water-damage claim of about $243,000 and a roof claim of roughly $190,000 — and a 15% adjustment to insured property values contributed to a premium increase. “We’re having an increase in our premium rate of just over $64,000 or about 32%,” the Superintendent said, explaining the district’s total premium is roughly in the mid‑hundreds of thousands and noting…
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