25-1790 : Nowakowski - Understanding Anticipated Healthcare Cost Increases

This agenda item, initiated by Council Member Mitchell P. Nowakowski, seeks to understand the potential impact of anticipated healthcare cost increases on the City of Buffalo's budget. As the City is self-insured for employee and retiree health benefits, the request aims to clarify the city's exposure to cost increases and premium volatility. It asks for an assessment of trends to prepare for and how these might affect budget planning for the upcoming fiscal year. The item requests an appearance from Commissioner Herndon-Hill and Director Crespo at the Finance Committee meeting on November 5, 2025, to discuss potential mitigation strategies and ensure the sustainability of employee healthcare.