Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Budget topic
No spam. Unsubscribe anytime.
Council is warned of a possible 15% rise in insurance costs; will review equipment budgets
Summary
Finance Manager/Treasurer Crosby told the council insurance costs "may be going up" and offered a working estimate of a 15% increase; the council agreed to explore trimming equipment budgets across departments.
Finance Manager/Treasurer Crosby told the council during the budget review that insurance costs "may be going up" and that the city had "estimated a 15% increase." The comment prompted a discussion about non-personnel budget lines: council members and staff agreed to examine equipment budgets across departments to find potential savings.
Council members did not adopt specific cuts at the special meeting; instead staff were directed to review equipment lines and bring recommended trims back to the council as part of the budget process. The finance office will quantify the impact of a 15% insurance increase as part of that review.
