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Prescott Unified board approves joining ASBA Insurance Trust and revises FY26 budget to raise staff pay to 3%
Summary
The Prescott Unified School District board voted to join the Arizona School Boards Association Insurance Trust (ASBATES), citing a roughly $218,000 projected annual cost difference that administrators said would allow a modest increase in the planned FY26 staff raise from 2.5% to 3.0%. The board adopted the revised budget package after discussion about provider networks and employee impacts.
The Prescott Unified School District governing board voted Wednesday to join the Arizona School Boards Association Insurance Trust (ASBATES) and to adopt a revised fiscal year 2025–26 budget package that increases the proposed employee raise to 3.0 percent.
Brian Moore, the district’s chief financial officer, told the board ASBATES’ underwriting for next year came in at a lower cost than the district’s incumbent pool. “Their quote for next year was lower by 22.2% than what Kairos was for this year,” Moore said, summarizing the district’s side-by-side underwriting and network analysis. Administrators and the CFO said the underwriting difference would produce roughly a $218,000 annual change in district health-care costs compared with remaining with the current…
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