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Budget Summary

Budget Summary. Increase in State Revenues: At Risk Add-on Lottery Teacher Compensation Increase in Expenditures: Salary Increase Estimated Health Insurance Math Teacher at Virginia Middle School Making Schools Functional and Safe.

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Budget Summary

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  1. Budget Summary Increase in State Revenues: • At Risk Add-on • Lottery • Teacher Compensation Increase in Expenditures: • Salary Increase • Estimated Health Insurance • Math Teacher at Virginia Middle School • Making Schools Functional and Safe “Preparing all Students to Thrive in a Dynamically Changing World”

  2. Teacher’s Pay *VEA Research 2018-2019 Salary Study for Teachers Volume 1 **Bristol Tennessee Salary Scales “Preparing all Students to Thrive in a Dynamically Changing World”

  3. Region and StateRankings *VEA Research 2018-2019 Salary Study for Teachers Volume 1 “Preparing all Students to Thrive in a Dynamically Changing World”

  4. Teacher’s Debt “Preparing all Students to Thrive in a Dynamically Changing World”

  5. Pay Options “Preparing all Students to Thrive in a Dynamically Changing World”

  6. Regional RankingsProjected FY 19 - 20 Assumption: Other system’s will provide a straight 5% traditional raise “Preparing all Students to Thrive in a Dynamically Changing World”

  7. Impact of Each Option

  8. Experience Distribution “Preparing all Students to Thrive in a Dynamically Changing World”

  9. 20 Year Impact Assumption (for illustration purposes only: After selection of a scale a 2% increase would be provided each year thereafter Goal: Level out scale

  10. 20 Year Impact Assumption (for illustration purposes only: After selection of a scale a 2% increase would be provided each year thereafter Goal: Level out scale

  11. Impact of Each Option

  12. Budget Summary New School Focus Band-Aid Focus State Funding $$ Salaries * $$ No Savings No New School Lease Two Maintenance $$ Cost to Make Schools Safe and Functional $$ City Appropriation $$ State Funding $$ Salaries * $$ Savings $$ New School Lease $$ No Additional City Request * Due to State increases, the local appropriation will not need to increase “Preparing all Students to Thrive in a Dynamically Changing World”

  13. Other Funds FY 2019 • School Nutrition • Salary Increase Comparable to General Fund • Small Student Price Increase • Minor Adult Price Increase to meet Federal requirements • Additional Federal Reimbursement Revenues will Cover any Increases • Textbook • Revenue Expected to Cover Anticipated Expenditures • School Capital Projects • No Additional Revenue Expected; Expected Expenditure to Cover Building Repair and Update Costs • Local Capital Projects • Any Additional Revenue Would Result from General Fund Transfer; Expected Expenditure to Cover Building Repair and Update Costs “Preparing all Students to Thrive in a Dynamically Changing World”

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