The Select Board and Finance Committee of Hubbardston convened on March 3, 2025, to discuss key financial matters affecting the community. The meeting focused on anticipated increases in health insurance costs, budget considerations, and the capital improvement plan.

The discussion began with an overview of the town's financial outlook, particularly regarding health insurance. Committee members noted that health insurance premiums are expected to rise significantly, with estimates ranging from 8% to as high as 18%. This increase is attributed to the biennial actuarial study, which tends to result in larger adjustments in off years. The committee expressed concern over the lack of an unemployment reserve, which has been absent for several years, further complicating financial planning.

Members also discussed the town's current health insurance arrangements, indicating that Hubbardston participates in a shared insurance plan with the local school district. This collaboration aims to manage costs, although it was noted that the town pays a lower amount compared to other communities, potentially due to having fewer employees.

The meeting transitioned to the capital improvement plan, where the committee reviewed the budget, which totals $11,827,047. This figure includes provisions for one additional family health plan to accommodate potential mid-year enrollments.

As the meeting concluded, no formal votes were taken, but the discussions highlighted the financial challenges ahead for Hubbardston, particularly in managing health insurance costs and planning for future capital improvements. The committee plans to continue monitoring these issues and will provide updates in future meetings.