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Charlton finance committee warned of 16–20% health‑insurance increases; finance director gives bonds briefing for major projects
Summary
Finance staff told the committee preliminary health‑insurance rates could rise 16–20% and that several groups may leave the Hampshire Group trust; the session also included a detailed 'Bonds 101' presentation on municipal borrowing to finance the fire substation and landfill capping.
Finance staff warned the committee of a potential 16%–20% increase in health‑insurance costs ahead of open enrollment, and described how groups leaving the Hampshire Group trust for the state‑run GIC would make the town’s claims pool less favorable and could raise premiums further.
An advisory representative said six groups already plan to leave the trust, a change likely to shift claims risk. Staff explained the town has issued an RFP for…
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