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Madison superintendent outlines preliminary budget, proposes $8.8 million reserve use to blunt 21.5% insurance spike
Summary
The superintendent presented a preliminary FY budget that would use $8.8 million in district health-insurance reserves to offset an unusually large 21.5% increase in employee health costs, while preserving key programs and scheduling a tentative board vote for April 28.
Speaker 2 presented the Madison School District—s preliminary budget picture Wednesday, citing strong student achievement but pressing cost drivers that include a projected 21.5% increase in employee health-insurance costs.
The superintendent said the district—s academic results place Madison near the top of comparable Connecticut districts and highlighted recent successes in academics, arts and athletics. But the presentation focused on operating pressures: enrollment has stopped declining, contractual cost increases and inflation (CPI) are…
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