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Manteno board approves preliminary budget despite $1.7 million shortfall; staff says insurance changes will lower premiums
Summary
At a finance meeting, village staff presented health-insurance options that staff said would lower premiums and outlined estimated net savings of roughly $25,000–$30,000; the board advanced a preliminary budget showing a $1.7 million deficit and directed staff to track event costs and equipment-lease quotes.
Manteno village officials approved the preliminary budget at a finance meeting after staff presented a set of cost and revenue updates and recommended changes to employee health coverage.
Staff member Chris reviewed renewal options secured through HomeStar Insurance Services and said the carrier’s original 9.9% renewal had been negotiated down to 3.9%. Chris said an alternate UnitedHealthcare plan would lower premiums about 1.35% compared with last year, and that switching the village’s dental plan to a different vendor would cut dental costs about 16.27%. After accounting for the village’s long-standing practice of reimbursing employee deductibles under union agreements, staff projected a net village savings in the range of…
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