The Westwood Regional School District is grappling with a significant increase in health insurance premiums, potentially leading to budget cuts and impacting teaching positions. According to district officials, a proposed 46% increase by their insurance provider, Horizon, was ultimately negotiated down to 32%, but the adjustment still leaves a considerable financial strain.
Superintendent McQueeney stated that the situation extends beyond Westwood, with similar challenges faced by other districts throughout the state. In addition to rising health insurance costs, Westwood is also experiencing a 33% increase in out-of-district tuition rates, further complicating the budget.
While the state permits districts to exceed the 2% tax cap through health care waivers, McQueeney noted that these adjustments are insufficient to cover the entire deficit. The district serves approximately 2,770 students across Westwood and Washington Township, with stable enrollment figures. Despite forgoing the state health benefit plan, which would have added an additional $2.5 million to the budget, the district is still facing tough decisions. Specific potential cuts have not yet been outlined.