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Londonderry board approves School Care payment plan to spread $2 million assessment
Summary
The school board voted 5–0 to accept School Care’s payment option that allows paying one‑third of the assessment by Dec. 31 and the balance by July 15, 2026 with no interest, a move district leaders said prevents an immediate drain on reserves.
The Londonderry School Board voted to accept a payment option for a one‑time School Care assessment, choosing a plan the district advocated to avoid an immediate large outlay.
A School Care representative told the board that two options were available: Option 1 (the one the district supported) allows members to pay one‑third of the assessment by Dec. 31 and the remainder by July 15, 2026 with no interest; Option 2 would have allowed more time but include interest starting Jan. 1 on unpaid amounts. As the presenter summarized, “Option 1 is what we advocated for with School Care... you can pay 1 third of your assessment by December 31 of this year, and then you can determine when you'd like to pay the remainder by 07/15/2026 with no interest levied on the remaining balance.”
Board member Sarah moved to approve Option 1 and Tim seconded; the chair announced the motion carried on a 5–0 voice vote. District leaders characterized the approved payment schedule as a way to avoid depleting reserves on Jan. 1 and to give the district flexibility while monitoring fund‑balance and any future premium holidays from School Care.
What’s next: administrators said the district will execute the documents with School Care before Dec. 31 and will use surplus and possible future premium holidays to seed a proposed health‑insurance reserve.
