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Three Village officials explain use of reserves and staff contract concessions amid health‑insurance spike
Summary
District officials said staff and union concessions helped avoid midyear layoffs, and the board authorized drawing on reserves to cover flood repairs and a multiyear health‑insurance cost increase; officials said they expect partial FEMA reimbursement and plan to replenish reserves when funds arrive.
Three Village Central School District officials at the July 1 organizational meeting described how staff contract concessions and reserve funds were used to stabilize the 2024–25 and 2025–26 budgets after a midyear health‑insurance increase and storm damage.
Business official Mister Carlson told the board that two reserve draws were approved at a prior meeting: roughly $1.75 million to cover repairs and cleanup from August flooding, and about $800,000 for a midyear health‑insurance increase. He said those earlier costs, combined with an additional health‑insurance increase effective July 1, raised the district’s total health‑insurance cost…
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