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Waterford selectmen approve $109,437 transfer to cover higher workers' compensation and retiree costs
Summary
The Selectmen authorized a $109,437 in-series transfer on June 2 to cover unexpectedly high FY26 workers' compensation premiums, retirees' benefits and reimbursements; the motion passed unanimously.
The Waterford Board of Selectmen on June 2 authorized an in-series budget transfer of $109,437 to cover higher-than-expected FY26 workers' compensation premiums, retirees' benefits and reimbursements.
Director of Finance Kim Allen presented the request and said the transfer was needed to cover rising costs; the minutes record Selectman Muckle moving the transfer and Selectman Attanasio seconding. The board voted 3-0 to approve the transfer.
The minutes do not break down the $109,437 across specific departments or list anticipated impacts on other budget lines. The transfer was recorded as an in-series transfer for FY26; no further departmental implementation details or reporting deadlines were noted in the minutes.
