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Treasurer says tax‑title collections have surged; municipal insurance line rises sharply
Summary
Treasurer Kristen Lindberg told the committee her January FY27 tax‑title estimate is likely to increase because new collection attorneys have recovered substantially more than anticipated; staff also reported a roughly 25% jump in the municipal liability insurance budget for FY27.
Treasurer Kristen Lindberg told the Committee on Administration of Finance on June 9 that recent tax‑title recoveries have exceeded earlier projections and that her January FY27 estimate (prepared before the new attorneys’ results) is likely to rise. "I do expect that dollar amount to go up to about a million dollars," Lindberg told councilors when describing expected FY27 tax‑title receipts.
Lindberg also described staffing capacity in the treasurer’s office, noting the department had briefly been fully staffed before a recent resignation of a principal clerk. She said the office manages receipts, deposits and investments while complying with state law and city ordinances, and that some projections in the FY27 packet (prepared in January) predated the stronger recovery figures.
On municipal liability insurance, staff reported a FY27 request reflecting a roughly 25% increase to account for premium trends, newer vehicle replacement premiums and anticipated premium adjustments during the year. After participation credits and the schools’ share were removed from the gross premium, staff said the city’s net FY27 portion as presented in the packet is $676,690. Councilors asked whether the rise is tied to the new school project and whether other insurers could be solicited; staff said MIIA (the municipal interlocal insurance arrangement referenced in the meeting) is the dominant municipal provider in the region and promised to investigate alternative providers and report back.
Context and next steps: Lindberg said the team expects the tax‑title number to increase from the January estimate (650,000 in the packet) and that the FY27 figure will be finalized as collections continue; staff will also follow up on insurance‑market comparisons and post corrected budget book pages after final council votes. Lindberg also flagged operational details (bank-account growth from 35 to 45) that affect daily reconciliations. The committee recommended the treasurer’s related budget lines and debt-service requests to the full council.
Attribution: direct quotes and numbers come from Treasurer Kristen Lindberg’s presentation and the committee discussion as recorded in the meeting transcript.
