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Staff: MMIA liability insurance for Butte‑Silver Bow totals $1.4 million for FY2027
Summary
A staff member identified as Carrie told the committee the MMIA liability insurance premium for Butte‑Silver Bow for fiscal year 2027 is $1,400,000 and that enterprise funds pay a portion based on employee wages.
During review of the expenditure packet, Commissioner O'Neil asked about a large entry on page 72 identified as an MMIA liability assessment. Carrie, a staff member, explained that the $1,400,000 amount is the total MMIA liability insurance premium for Butte‑Silver Bow for fiscal year 2027 and that the enterprise funds (water, metro, stormwater and landfill) also pay a share based on wages.
Carrie stated, "The total claim is for 1,400,000." The committee thanked staff for the clarification and proceeded to vote on the expenditure lists; the transcript does not include a further breakdown of how the premium is allocated across funds or line items beyond that staff explanation.
