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School district needs to plan ahead for insurance costs

 

Last updated 12/15/2006 at Noon



With respect to Ms. Ramsey’s front-page article concerning the Fallbrook Union High School meeting last November 27, I would like to add a few comments. The cost of future insurance benefits for retired members is a major financial consideration for most school districts in California. Few schools have planned for the escalating costs, and only due to new state requirements must school districts begin to indicate the costs on a rational basis. These premium costs will be a major financial drain on the district if prudent steps are not taken today. The school’s bond rating and financial...



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