Bross Chingas Bross Real Estate, Riverside Realty, #1 in 2013
Leslie Clarke Homes, your real estate solution, Westport, CT 203-984-1856Westport Downtown Merchants Association community-wide holiday party, 5:30 December 3, Branson Hall, Christ & Holy Trinity Church, Westport
Molly Lane, Exceptional Properties Specialist: Fairfield County Homes, 917-670-4842
 
Wednesday, November 26, 2014

Thursday, January 30, 2014

School Budget Summit to Avoid Another Shortfall

By James Lomuscio

During more than three hours of grueling numbers crunching tonight, the Westport Board of Education in a joint special meeting with the Board of Finance and other committees tried to fathom how the school system wound up $1.9 million in the hole this year and how to avoid future health insurance shortfalls.

The shortfall consists of a projected cash equivalent of $595,009, plus $1,307,400 of incurred but not reported (IBNR) claims.

Members of the Representative Town Meeting’s (RTM)  Education and Finance committees, the school board’s Health Insurance Fund Review Committee, and Robert Pernicka, senior vice president of Segal Co., the school system’s actuarial consulting firm, all dug deeply into the school board’s intentional draw downs of health insurance reserves and a sharp increase in unreported claims since 2012.

Elio Longo, the school system’s business manager, noted earlier this week that for 2012, six claims exceeded $100,000, one of them more than the stop loss of $225,000. For 2013, the number of six-figure claims jumped to 16, he said, with six exceeding $225,000.

More "School Budget Summit to Avoid Another Shortfall"

01/30/14 04:17 AM Comments (0) • Permalink Digg Favicon Email Favicon Facebook Favicon LinkedIn Favicon TwitThis Favicon
Page 1 of 1 pages
SB Exit 18 S/O Hales Rd.

(Click image to resume)
Click for ConnDOT View

Realtime NY Metro-area traffic reports from Traffic.com

SPONSORS
WHAT'S INSIDE
PROPERTY TRANSFERS

MORE >>
OBITUARIES

ARTS & LEISURE

BUSINESS

COMMUNITY

HEALTH & FITNESS

EDUCATION

School Budget Summit to Avoid Another Shortfall

POLITICS

REAL ESTATE

SPORTS

SPECIAL REPORTS
image

MORE >>
RECENT COMMENTS
WESTPORT YOUTUBE

Reader nominations welcome:

Westport Info
WestportNow.com Stuff
SOCIAL MEDIA



SUBSCRIBE
Enter your email address to get WestportNow.com delivered to your inbox

Powered by FeedBlitz

Contact the Editor

Obituaries
How to Submit
ADVERTISE!
.(JavaScript must be enabled to view this email address)
 
Newsfeeds / Syndicate
RSS 1.0
RSS 2.0
Atom
Add to My Yahoo!

 

 
Find more about Weather in Westport, CT
Register / Log in
Registration is required to post comments.
Sign Up  •  Login
Comment Policy
SPONSORS
Westport-Area Blogs
 06880
 The Better Crumb
 BookTrib
 Chicken Spaghetti
 Crisis Management for Business
 CT Bites
 CT News Junkie
 Dayle Brownstein Poetry
 Deirdre’s Sloppy Studio
 Dr. Annie Abram: Relationships
 Fairfield Co. Real Estate
 Farewell Travels
 Fishing-Foto-Fun (Dick Alley)
 Friends of Westport Parks/Rec
 French Food & Me
 Hostile Entry
 Illuminara
 Jane Green
 Kosher Like Me
 Living with Technology
 MacaroniKid
 Major Knitter
 Make & Mingle
 Much Ado About Stuffing
 Neurotwitch
 Nina Pomeroy Photography
 OmNomCT
 Open the Door
 Our Town Crier
 Prill Boyle's Defying Gravity
 RE Gem of the Week
 Robert Steven Williams
 Robin's Resources
 Sherwood Island Friends
 Sphere
 Taking the Kids
 Videler Photography
 Westport Weather Website
 Westport's Knitting Librarian
 Who, What, When–and Y
 Wild Side of Westport
 Y's Women

Suggest a Westport-area blog by sending email to