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Medical premiums and pensions push Cheltenham toward hard budget choices, staff warns
Summary
District staff told trustees that a projected 17% increase in medical premiums—driven by high claims—and a pension rate uptick could add roughly $7 million and $570,000 respectively to next year’s costs, prompting staff to flag staffing and programming as areas for budget reductions to remain within the Act 1 index.
Cheltenham School District staff told the finance committee on Dec. 2 that employee benefit cost drivers will be a central challenge in next year's budget.
The presentation said medical premiums are facing an estimated 17% increase after a period of unusually high claims; staff said "this 17% increase ... is approximately a $7,000,000 increase to the district for medical insurance" if the first look holds. Staff also…
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