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RSU 40 board delays FY26 budget vote until insurance figures are available
Summary
The RSU 40/MSAD 40 board removed the FY26 proposed budget from tonight’s agenda and moved the vote to the next meeting after the business manager said insurer cost estimates were still pending.
The RSU 40/MSAD 40 Board of Directors postponed a vote on the FY26 proposed budget because insurance cost figures were not yet available. The board’s business manager said the district has not received final insurance numbers and that estimated increases from the insurer ranged between 3% and 14%, with each percentage point representing roughly $65,000.
Board members agreed to move the budget vote to the next board meeting so staff can receive final insurance figures before adoption. The chair noted that the regular budget timeline remains feasible—district practice is typically to finalize budgets in early May—but the board preferred to wait for the insurer’s final figures before taking action.
The business manager explained that the insurer (referred to in the materials as MEA) initially quoted a 17% increase and later narrowed the range to between 3% and 14%; the board said it could not responsibly adopt a final budget without a definitive insurance amount because each percentage point would materially affect the bottom line.
No budget number or adoption date was finalized in the meeting; the board moved the FY26 proposed budget approval to the next meeting when insurance figures are expected to be available.
