Fall River chool officials say that increasing health insurance costs for employees means a bigger budget deficit.
It is expected that the increase to provide the insurance will cost approximately $22.5 million dollars.
After careful budget analysis, the school department is anticipating an $800 thousand dollar shortfall. Here are the four recommendations to close the gap, according to an article in today’s Fall River Herald News:
“Freezing the district’s textbook account, saving $200,000; saving $700,000 from the operating budget’s salaries account; taking $300,000 in benefits paid out to nutrition department employees that would have been paid out of the operating budget and instead paying it out of the district’s revolving nutrition account; and increasing by $300,000 the amount needed to reach net school spending in 2016.”
To read the article in its entirely written by Herald News Staff Reporter Michael Gagne click here.
