The overview
PISD currently has a contract with Arthur J. Gallagher Risk Management Services, Inc., an insurance, risk management and consulting services company. This contract has included insurance coverage on property—including windstorm—inland marine and equipment, district agenda documents show.
PISD administration is recommending a $2.55 million contract for 2025’s total insurance premiums. This is a decrease of over $255,000 compared to the district’s 2024 total insurance premium, according to district documents.
While property insurance has decreased by nearly $260,000, inland marine insurance for PISD has increased by over $1,050, and equipment insurance has increased by $3,125, according to district documents.
The board of trustees will also consider a budget amendment of over $31,000 in the general operating fund for fiscal year 2024-25, according to district documents.
The amendment stems from the addition of a finance analyst, which cost over $86,500. PISD inactivated a director of finance position, which cost nearly $118,000. This difference brought the budget impact to over $31,000, district documents show.
This amendment will adjust the budget from $74.5 million to over $74.53 million, district documents show.
Stay tuned
PISD’s board of trustees will meet at 4 p.m. on Dec. 10 at the Virgil Gant Education Support Center on 1928 N. Main St., Pearland.
