Lexington Public Schools may have to lay off over a dozen employees before the next school year to close the town’s estimated $4.7 million budget deficit.
Town officials blame the shortfall on a striking increase in healthcare costs. In fiscal year 2027, the cost of insurance premiums for Lexington employees is predicted to increase by about 13.5 percent to $45.9 million.
That’s up from an 11 percent increase last year and almost triple the historical norm of 5 percent increases year-to-year…