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Madison finance committee flags potential 20–22% health‑insurance spike ahead of 2026–27 budget
Summary
Committee members warned that the district’s rolling claim experience could push health‑insurance costs toward a roughly 20–22% increase for the 2026–27 plan year, and scheduled consultant updates in January to refine projections; reserves and other mitigations were discussed but no formal action was taken.
At a brief finance committee meeting, Madison Board of Education members reviewed early assumptions for the 2026–27 budget and were warned that health‑insurance costs could rise substantially.
Unidentified Speaker 1 told the committee that, while a statewide market rate movement was about 8.4%, the district’s rolling claims experience is producing a more severe projection—"about a 22% right now increase in health insurance," he said—creating a large budgetary challenge. The district is…
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