The insurance rate in St. Charles will rise slightly less than one percent, according to the city’s finance director.
Chris Minick, St. Charles’ finance director, said the cost will go up 0.4 percent this year, or $2,500 more. The cost for 2009-10 will be $598,009 total.
The City Council approved the raise unanimously during Monday night’s meeting.
The insurance program covers the city’s property, liability, auto, excess liability and workers’ compensation stop loss insurance programs.
Minick said insurance coverage, deductibles and insurance limits all are unchanged from last year’s level.
