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Select Board warns: school insurance pool receiver is delaying district budget numbers, which could delay town tax rate
Summary
Board members discussed a regional insurance pool (Interlocal Trust) bankruptcy and the state receiver's role; Wakefield School District and other affected towns are awaiting liability numbers, and Brookfield officials said the delay could push back the town's tax rate finalization.
Select Board members raised concerns that a regional insurance pool called the Interlocal Trust has gone bankrupt and that a state‑appointed receiver is now handling the trust's obligations, complicating member towns' ability to finalize school district budgets and the town tax rate.
A board member said the trust’s collapse means the state…
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