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Select Board opts to apply insurance credits as budget credit for next year
Summary
After a presentation about workers' compensation and unemployment credits from the insurer, the board voted to leave the payment as a credit on next year's invoices rather than request a check.
Board members discussed credits from the town's insurer for workers' compensation and unemployment. Committee member (S2) asked how the credit is generated; S4 explained the town had overpaid earlier in the year and the insurer could either issue a check or apply credits to future invoices. Chair (S1) reported a workers' comp credit of "$9,101,125 dollars" and an unemployment credit of $152.
Committee member (S2) moved to leave the insurance refund on the books as a credit applied to next year's invoices; another board member seconded and Chair (S1) called the voice vote. Committee member (S2) said the aim is to reduce next year's insurance invoices rather than take a cash refund; the motion carried by voice vote.
