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RSU 18 delays final FY27 budget approval pending health-insurance numbers
Summary
Board members agreed to delay formal action on the FY27 school budget until district health insurance rates arrive; discussion focused on an $800,000 proposed use of unassigned fund balance and the risks of depleting reserves.
District staff urged the board to delay final action on the FY27 budget until health insurance numbers are received (staff estimated those would be available around April 7). The staff described variability in benefit-rate projections and said that health insurance and missing members made it prudent to wait.
Board members pressed staff on fund-balance strategy, reserve-account rules, and how an $800,000 use of unassigned fund balance would affect long-term reserves. Staff explained some reserves are restricted (technology fund, capital, emergency contingency) and that tapping reserves requires a formal process; they warned that using the full $3.5 million unassigned balance in one year would be risky and could deplete the fund in a few years. The board agreed to reconvene and take action at the next meeting once insurance numbers are available.
