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Selectboard uses 2.5% COLA for preliminary budget as health-insurance premiums rise nearly 10%

Board of Selectmen · October 16, 2024
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Summary

The Selectboard agreed to a 2.5% cost-of-living adjustment for preliminary budget planning; staff reported a 9.90% increase in health-insurance premiums and is seeking alternate quotes and proposals for employee contribution changes and disability coverage.

The Orford Selectboard set a 2.5% cost-of-living adjustment (COLA) to use for preliminary 2025 budgeting at its Oct. 16 meeting.

Town staff reported that health-insurance premiums increased by 9.90% for 2025; Esther Dobbins-Marsh said she has requested quotes from other insurance agencies, is calculating proposed increases for employee premium contributions, and is obtaining quotes for short- and long-term disability coverage for the board’s consideration.

The COLA decision provides a basis for preliminary salary planning but does not finalize pay rates or employee benefit shares; those items remain subject to further review and board action during the budget process.