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Committee reviews 2025–26 budget assumptions; new PBM contract expected to save district money
Summary
Finance staff updated the committee on the 2025–26 budget assumptions, including a new pharmaceutical benefit manager agreement with Navitus projected to save the district about $1.1 million over three years and lower FY25–26 costs by $300,000–$400,000; staff also warned of a 15% increase in property and workers' compensation premiums.
The Waukesha School District Finance and Facilities Committee on April 7 received an update on assumptions for the 2025–26 budget, including changes to health-insurance contracting, reserve planning and insurance cost pressures.
District staff reported the consumer price index (CPI) this year came in at 2.95%, close to projections the district used in planning. Staff said the district renegotiated its pharmaceutical benefit manager (PBM) contract with Navitus and expects the…
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