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Town manager outlines options to cover possible 14.8% health insurance increase; $160,000 in reductions identified as contingency
Summary
Town Manager warned that health insurance rates could rise as much as 14.8% and proposed contingency reductions totaling about $160,000 — including delaying or phasing in one firefighter hire and trimming selected capital/design allowances — if the final rate requires cuts to the FY26 operating budget.
The Town Manager told the Select Board that health insurance rates for FY26 may increase up to 14.8%, above the town’s current budget assumption of just under 10%. Because health insurance is a major driver of the operating budget, the manager outlined options to reduce the proposed budget by about $160,000 if required by the final rate.
Staff proposals for $160,000…
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