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Giles County board agrees to cover up to 50% of mid‑year insurance premium increase
Summary
After extended discussion about rising health insurance costs and uncertain federal funding, the Giles County Board of Education voted to cover up to 50% of the district’s additional mid‑year insurance premium increases and directed staff to prepare the related budget amendment.
The Giles County Board of Education voted at its Sept. 4 meeting to supply up to 50% of the additional district cost caused by a mid‑year increase in employee insurance premiums.
The decision came after a lengthy discussion of rough cost estimates, potential impacts on federal special‑education funding and the district’s fund balance. Board members and staff described the estimate as preliminary and said final figures would be available after employee selections and payroll data are processed later in the week.
Board members said the district received rough figures indicating the premium increase would add in the low six figures for the remainder of the…
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