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City budgets for health‑insurance increase; officials project 5% rise in employer share
Summary
Finance staff proposed a health insurance working rate that assumes a 5% increase in calendar‑year premiums that will be reflected in employer contributions for FY26. The administration presented details by plan type and said the city will monitor claims and rebates through quarterly reporting.
City officials told the budget committee that the FY26 health‑insurance figures are budgeted on a working‑rate basis and assume a 5 percent increase in employer costs for the second half of the fiscal year. CFO Bob Ekstrom said the administration used current enrollments and an expected January 1 premium adjustment to compute the FY26 employer share.
“On January 1, we’re…
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