Summary

FY27 Operating Budget Reviews Advance

BurlingtonMar 18, 20261 min read

At a glance

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The Ways and Means subcommittee voted 2-0-0 on the reviewed FY27 budget accounts, including $20.18 million for health insurance, $10.41 million for debt service, and $1.33 million for retiree health benefits.

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Ways & Means

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Budget & TaxHealthcare

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What this means

The reviewed accounts include significant increases for employee health insurance, debt payments, and retiree health benefits. Health insurance is budgeted to rise 9%, while debt service would increase 10.13%. The committee also discussed strengthening the health insurance trust fund to help cover unexpected costs.

Key decisions

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Approved the Central Machine budget of $30,000 with a 2-0-0 vote.
Approved the Central Supply budget of $145,000 with a 2-0-0 vote.
Approved the Financial Services budget of $73,500, a 5% increase, with a 2-0-0 vote.
Approved the Health Insurance budget of $20,180,017, a 9% increase, with a 2-0-0 vote.
Approved the OPEB budget of $1,329,816, a 9.3% increase, with a 2-0-0 vote.
Approved the Unemployment Compensation budget of $105,000, a 5% increase, with a 2-0-0 vote.
Approved the Medicare budget of $1,627,500, a 5% increase, with a 2-0-0 vote.
Approved the Town Insurance budget of $1,700,000 with no increase, with a 2-0-0 vote.
Approved the Debt Service budget of $10,407,163, a 10.13% increase, with a 2-0-0 vote.

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