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North Stonington — Superintendent Peter Nero said his latest draft of next year’s spending plan is now a level-funded budget, thanks to what Nero called a “terrific” health care savings.
Last month, the Board of Education voted to approve what Nero called an “austere” $12.9 million budget, which represented a 1.98 percent increase in spending — down slightly from an initial budget that called for a 2.19 percent increase.
The budget proposal is now down to $12.7 million because of the district’s switch to a high-deductible health care plan. The deductible cost will be $2,000 for single staff members and $4,000 for families.
This year’s education budget represented an increase of slightly less than 5 percent.
Nero said he will send a formal notice of the new spending plan to the Board of Finance this week.