LPPS Budget/Goals Committee Meeting 9/15/2026

The LPPS Budget/Goals Committee held a meeting on September 15, 2026, focusing primarily on insurance renewals and employee benefits. The committee reviewed and approved renewal quotes for property and casualty insurance expiring October 1, 2026, with a recommended premium of $818,880 for the general liability package and an overall renewal cost of $3,327,779, reflecting a $270,418 savings compared to the previous term despite increased vehicle values and added properties. They also approved the renewal of cyber insurance expiring October 31, 2026, with no premium increase but a change to an 11-month term to align with other policies. Additionally, the committee discussed and approved a 7.75% employee health insurance premium increase to address rising costs, with options for employees to reduce expenses through alternative plans. Motions to accept these renewals and rate adjustments were passed unanimously.