Washington City Council Sees Internal Insurance Hike

July 12, 2023 2:25 am

Washington City Council is expected to formally approve on Thursday, an increase in the city’s internal insurance rates. Mayor Scott Putnam says the rates for their liability, commercial and property/casualty insurance are going up twelve-percent. Putnam says that translates into about a twenty-thousand-dollar increase over last years premium payment. Putnam attributed the increase to a number of things, including building replacements, losses over the past five years and just in general, the increasing cost of insurance. Putnam says he is hopeful that the increase, once council is ready to work on a new budget, will not be passed on to taxpayers.