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Board approves stop‑loss insurance as finance staff warns of larger short‑term borrowing
Summary
Wauwatosa board unanimously approved health insurance stop‑loss coverage and discussed a likely $17 million short‑term cash‑flow borrowing plan; staff said joining a borrowing consortium could reduce issuance costs but a final borrowing resolution will return for action.
The Wauwatosa School Board voted unanimously to approve stop‑loss coverage for the district’s health insurance plan after administration recommended the purchase. The motion to approve the stop‑loss coverage was offered by a board member and seconded; the finance recommendation passed on a roll call vote with all present members recorded as "yes."
During public comment and the board discussion, community members and task‑force representatives raised concerns about liquidity and operating cash. Chris Murker, a member of the 2030 task force, told the board: "In 2024,…
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