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Updated health insurance figures reduced the projected FY27 budget shortfall from $239,000 to zero after premiums rose 7.1%, rather than the 12% placeholder used earlier. The committee unanimously approved recommending $1,485,540 for replacement of the Public Library chiller and fan coil units and unanimously approved a recommendation on the Reserve Fund transfer.
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The FY27 budget outlook improved because actual health insurance cost growth was lower than previously assumed. Committee members supported replacing the Public Library chiller, with the revised estimate 18% below the original figure. Members were divided over a one-time $1.4 million health insurance subsidy for town employees, while votes on the subsidy, the sale of 86 Central Street, and the budget were scheduled for the following week.
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