Quick context to catch up fast.
The board unanimously approved a 3% cost-of-living adjustment for retirees effective July 1, 2026, applied to the $18,000 COLA base. The board also approved a $675,643.17 April warrant and the 2025 financial statement audit.
Open the committee coverage hubs tied to this summary.
Was this summary helpful?
Your feedback helps us prioritize what to improve next.
Retirees will receive a 3% increase under the approved COLA, although the adjustment applies only to the $18,000 base. The retirement system was reported to be about 90% funded after a 12.6% investment return in 2025. The board kept the current 7% discount rate and approved the April payments and several former school employees’ account refunds or transfers.
Follow the major takeaways from this briefing.
Action items flagged by the community.
No follow-ups have been shared yet. Add one in the community board below.
Details and records from this meeting.
Fresh records from this municipality.
Know who to contact about the decisions that matter.