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Self-insured health plan update shows $375,000 in unanticipated savings; Board of Education budget increase reduced to 1.87%
Summary
District staff reported to the Finance Committee that updated consultant figures for the self-insured health plan show roughly $375,000 in savings for the district; staff said the board will not act on the reduction until the town finalizes its budget and that the district’s overall budget increase now shows 1.87%.
District presenters told the Board of Education Finance Committee the district’s self-insured health plan projections improved since the budget was drafted and that updated consultant figures point to roughly $375,000 in savings the district had not anticipated when the board set its budget in January.
Staff said the change came from…
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