NYAOT Launches New Suite of Financial Solutions to Support Towns

The New York Association of Towns (NYAOT) is proud to launch two new programs designed to help member municipalities strengthen their financial footing and reduce rising costs.
Through Revive NY, NYAOT has partnered with Brown & Brown Insurance to create a health insurance consortium that leverages the collective power of towns to stabilize premiums, lower administrative costs, and give municipalities more flexibility in plan design. Health insurance costs remain one of the largest pressures on local budgets — with towns spending over $775 million on hospital, medical, and dental insurance in 2023 alone, and Revive NY is designed to help ease that burden.
In addition, NYAOT is proud to announce its sponsorship of the Empire Public Investment Collective (EPIC) Fund NY, a local government investment pool with investment objectives of earning the highest income consistent with preserving principal and maintaining liquidity, and to maintain a stable $1.00 net asset value (“NAV”).
Together, Revive NY and EPIC Fund NY mark the beginning of a new suite of cost-saving, member-focused solutions from the Association — all aimed at helping towns achieve financial stability and focus on what matters most: serving their communities.

For the full press release, please click here.