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Exeter Township committee reviews 2026–27 budget and insurance costs tied to 3.5% tax increase
Summary
The finance committee presented a general‑fund budget and real‑estate tax millage that reflect a 3.5% tax increase for 2026–27 and discussed workers' compensation bids and student sports accident coverage; administrators said some insurers refused to bid and quoted widely varying workers' compensation estimates.
The Exeter Township School Board’s finance and audit committee reviewed the recommended general‑fund budget for 2026–27 and associated tax resolutions on June 2, confirming that the budget and the proposed real‑estate millage both reflect a 3.5% tax increase.
Committee discussion also focused on insurance procurement. Administrators reported they solicited bids for workers' compensation coverage and received three bids while four insurers declined to bid. During the discussion officers cited quoted figures in committee—administrators referenced an existing carrier figure of roughly $600,000 and another bidder near $900,000—and said recent claims history had driven pricing for the district. Committee members asked about the look‑back period used by underwriters; administrators said the common modifier uses a three‑year average but that underwriters typically look at the last five years when quoting.
The committee also reviewed student sports accident coverage, which includes supervised gym and classroom incidents, and reminded members that an optional voluntary accident policy is offered to parents each August for additional coverage.
Next steps: budget items that require public notice were scheduled for the June 16 voting meeting per statutory timelines; some contract renewals and personnel items were forwarded to a June 9 special voting meeting to meet timing needs for the trust notice and other items.
