Collaborative Budget Development Meeting for Stakeholders
Join us for a series of budget work sessions aimed at enhancing stakeholder collaboration and communication regarding fiscal planning. Key dates include sessions on Nov. 12 at 8:30 a.m., Nov. 13 at 4:00 p.m., and several more in December and February. We will discuss historical perspectives on economic circumstances, benefit costs, health insurance impacts, and the latest updates on the Virginia Retirement System. Key items to watch include sustainable school funding initiatives and federal funding opportunities. Your input is vital for informed decision-making!
Collaborative Budget Development Meeting for Stakeholders
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Presentation Transcript
Budget Development Collaboration Stakeholders Informed Input Common Understanding Historical Perspective Economic Circumstance Communication
Coo` Communication… CHS W V J JV B C BM G Principals Coordinators Content / Program / Service PTO Presidents TACC School PTOs Budget Work Session Nov. 12 8:30 a.m. Nov. 13 4:00 p.m. Dec. 12 5:00 p.m. January TBA Feb. 1 8:30 a.m. Feb. 19 2 p.m. Feb. 18 12:00 p.m. Jan. 13 4:00 p.m. Jan. 13, 15, 28, 30
PRELIMINARY ITEMS TO WATCH: • Blue Ribbon Commission on Sustainable School Funding • Benefit costs: • Virginia Retirement System • Current estimate: +24%, approximately $800K • Health insurance • Affordable Care Act • Salaries • Large contracts: • Transportation, Facilities, PREP, Comprehensive Services, CATEC • New state biennium: • Updated Local Composite Index • Re-benchmarking – SOQ funding formula • Federal Funding
