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The committee unanimously amended the FY27 forecast to move $176,286 from the OPEB Liability Trust Fund contribution to group health insurance after projected plan rates increased 10%, creating a $202,344 budget shortfall. The deferred OPEB contribution is expected to be considered at the fall special town meeting.
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Higher municipal health insurance costs put the FY27 budget forecast $202,344 short of its earlier estimate. The committee approved using funds set aside for retiree health liabilities to cover most of the gap, while deferring that contribution to the fall special town meeting. Officials said the change complies with financial policies and would not affect the FY28 capital plan or the municipality's rating.
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