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The committee approved the Employee Benefits budget at $20,180,017, a 9% increase driven by rising health insurance costs. It also approved budgets for debt service, retirement, Medicare, reserves, insurance, and other municipal obligations.
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The approved budgets fund employee benefits and other town-wide financial obligations for the next fiscal year. Health insurance costs are increasing, with the employee premium share expected to rise by approximately 14%. The committee also approved $10,407,163 for debt service and $16,222,772 for the Middlesex Retirement Fund.
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