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Naugatuck faces increased costs for pensions, insurance
NAUGATUCK — The borough finance department estimates it will need nearly $17.1 million for pensions and insurance next fiscal year, up almost $896,000 from this year. The figure, which Controller Wayne McAllister and the finance department presented to the Joint Boards of Finance and Mayor and Burgesses last week, represents a 5.5 percent increase... »
BOE votes to switch benefits manager
NAUGATUCK — A month ago, the Board of Education was $7 million away from reconciling what will likely be a zero-percent budget increase for the 2010-2011 fiscal year. After rounds of cuts, votes to reconfigure the schools and a likely insurance switch, it is $1.7 million short. The board voted unanimously Tuesday night to... »
BOE probes options with new insurance agent
NAUGATUCK — In a battery of committee meetings in recent weeks, the Board of Education has explored an array of cost-savings measures to bridge a potential operating deficit topping $4 million for the 2010-2011 fiscal year. The most publicly controversial discussions have included proposals to reconfigure grades within existing facilities and even close a... »
Deficit may grow due to insurance claims
NAUGATUCK — The school system’s looming $1 million deficit may grow even bigger due to a high number of costly health insurance claims. The school board, which is trying to negotiate concessions from school unions to make up an anticipated $1.07 million shortfall, had already tapped 40 percent of its budgeted amount for health... »