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Oshkosh Area School District reports larger-than-expected budget deficit after spike in health and transportation costs
Summary
District staff told the school board Aug. 13 that a late surge in health claims and higher-than-expected homeless-student transportation costs pushed this year’s deficit above earlier projections and below the board—s 12% fund-balance policy.
At its Wednesday, Aug. 13, meeting the Oshkosh Area School District reported an increased budget deficit driven primarily by an unexpected run of health-care claims and higher transportation costs for homeless students, district staff said.
Drew Neehan, who presented the budget-variance report to the Board of Education, said the district ended the year with $22,900,000 in health-plan expenses compared with $26,500,000 the prior year, but that a recent cluster of large claims added millions to the final tally. "We had a week of a million 8 that came in in May, June," Neehan said, and that was followed by other large weekly claim batches that together poured about $3,000,000 into the plan over roughly six weeks.
The spike in retiree health claims (OPEB) was described as an outlier year: staff told the board they…
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