District warns insurance costs are accelerating and will erode programs
CFO Brian Berley told the board insurance costs have increased 57% year over year (about $1.7M) and have risen over 300% in seven years, flagging insurance as a major budget risk that could "eat into our other programs."
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At the July 28 budget hearing CFO Brian Berley drew attention to insurance as a growing structural cost. He said the district's insurance expense increased 57% year over year — approximately $1.7 million — and that, looking back seven years, insurance has risen over 300% (an average annual increase of more than 40% in those years). "This is unsustainable," he said.
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