ConVal savings a windfall, or no?
To the editor:
At the ConVal School Board meeting on April 1 management pointed out that the health insurance expense for the current year will be approximately $300,000 less than originally budgeted. This occurs because budgets are prepared using a guaranteed maximum rate while the actual rate is not available until late March or early April.
Voters approved the default budget for the district when they went to the polls on March 11. This default budget included a health insurance contract that was budgeted at $300,000 more than required. Since health insurance is a contractual item, one would assume that any reduction in the line item would be reflected in a budget reduction thereby resulting in an even lower (by $300,000) default budget. Unfortunately it appears our district administrators don’t see it that way, so they are well on their way to spending this windfall on other items. Hopefully our School Board members will be able to bring some reason and logic to the process.
Charles F. Champagne