The numbers have changed!
$2.2 million dollars have been freed up THIS YEAR for (the suggestion of the City Manager) schools supplies!
NOTE: This is a ONE TIME savings!
Where did the money come from?
Basically, reduced health insurance usage. The City consequently is running a surplus in its Health Care Trust Fund. That money can ONLY be used for health care, so the City Manager is implimenting a three week premium holiday in June 2008. It will save the Worcester Public Schools $2.2 million dollars in health care premiums (not to mention it's employees an average of $125 a week).
This is a ONE TIME savings, and it also has nothing to do with next year.
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