Sunday, March 30, 2008

Don't believe everything you read

"Most importantly, the budget savings generated through the reforms will enable the city to offset the projected $6 million deficit the School Department is facing next fiscal year--there's one major headache eliminated." (emphasis added: Nick Kotsopoulos, Sunday Telegram column, March 30, 2008)

Not quite eliminated, Mr. Kotsopoulos!


There is, however, good (or not-as-bad) news coming out of item 7.30 A on April 1st City Council agenda: the City Manager reports that the lower usage of City of Worcester health insurance means that the City has been given drastically lower increases in its health insurance premiums for next year ((3% for BCBS and 7% for Fallon). This means the double digit increases budgeted for FY09 are NOT GOING TO BE NEEDED.


This brings the projected Fiscal Year 2009 School Department deficit from $5.7 million dollars to $3.3 million dollars, as calculated by the Superintendent's office.


You'll note, however, that this is still a DEFICIT.



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