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Superintendent warns 16.9% health insurance spike could cost district 'a little over $1,000,000'; state adequacy aid rises
Summary
Superintendent Pamela told the Laconia School Board the district faces a 16.9% jump in health insurance costs (about $1 million) and an estimated $721,000 increase in state adequacy aid; the board was told city council approved using an expended fund balance to cover a large assessment, while $400,000 in reserve transfers await trustee approval.
The Laconia School District faces increased benefits costs next year, Superintendent Pamela told the school board on Nov. 18, noting a 16.9% rise in health insurance premiums and an 8% rise in dental premiums.
"The increase is 16.9% health insurance and an 8% increase in dental insurance," Pamela said, adding that the 16.9% "translates to a little over 1000000 dollars." The superintendent…
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