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RSU 23 finance update: district at 47.1% of budget; Anthem insurance running above plan
Summary
At the Jan. 16 RSU 23 meeting, the Finance Committee reported the district had spent 47.1% of its budget year to date and that Anthem insurance costs were at about 117% of budgeted expectations.
At its Jan. 16 meeting, the RSU 23 Finance Committee reported the district had expended about 47.1% of its annual budget year to date and cited higher‑than‑expected costs for Anthem insurance.
Committee member Peter Flaherty told the board Anthem insurance costs were running roughly 117% of the budgeted amount, a trend he said is common nationwide. No specific dollar amounts or recommended budget adjustments were presented at the meeting; Flaherty described the insurance variance as a current "bump" rather than a finalized budget change.
The Building Needs Committee reported separately that winter grounds work is planned, the high school pavilion will be slightly larger than the LMS pavilion and ready for spring use, the tennis courts are complete and the concession stand is targeted for 2026. The Department of Education recently visited all three schools, and an LMS boiler pressure issue was repaired.
The board did not take formal budget action at the Jan. 16 meeting; the finance update was presented as an informational report.
