Advisory Committee Reallocates OPEB to Address Insurance Surge
Advisory Committee · Meeting of March 10, 2026
SCITUATE — Advisory Committee reallocates OPEB reserves to address health insurance spike. Town Administrator Jim Boudreau presented the FY27 general fund budget at a joint hearing with the Select Board, reporting that health insurance rates jumped 10 percent rather than the expected 7.5 percent increase. The Committee voted unanimously to move the 2 percent OPEB funding to the Contributory Group Insurance line on a motion by Vice Chair Missy Seidel.
The Mayflower Municipal Health Group's $6 million reserve draw and exclusion of GLP-1 drugs for weight loss prevented an even larger rate increase.
In the full story:
- The complete report — 276 words
Source: the Advisory Committee meeting of March 10, 2026, reported from the official video recording and transcript.
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