At its Oct. 14 meeting, Middlebury’s Board of Finance heard that September revenues are generally on track, property-tax collections reached $22.5 million (about 44% of budget) and one-time municipal assistance of $33,414 arrived — but insurance costs could exceed budget by roughly $120,000.

City staff proposed a 2026 budget that counts on modest tax revenue gains, bond proceeds for utilities and a series of operational cuts; presenters warned of rising insurance and IT costs and limited capacity for new personnel or capital projects.

A rise in thefts and cyberattacks is putting new pressure on charities

Increased hurricane strength and sea level rise threaten Maryland's homeowners insurance rates, experts warn.

Residents express concerns over new fire district's impact on insurance and property values.

Wildfires in five states pose significant financial risks to insurers with record losses.