“more than half of teacher salaries are paid for with local revenue.”
Time to raise taxes again! Via The Daily News:
The Moscow School District may be looking at holding a levy in the upcoming academic year, based on discussion at the school board’s Tuesday night meeting concerning the 2017-18 budget.
The board voted unanimously in favor of a $32.9 million budget at the meeting, noting projected expenditures for the upcoming year exceed revenue by $1.3 million.
“It is projected our expenses will exceed our revenue this fiscal year and the next,” said Jenn Johnson, the district’s business manager.
Both Board Chair Dawna Fazio and Superintendent Greg Bailey suggested it could be time to discuss another levy.
In order to balance expenses, the district will pull the difference from its general fund.
Jenn Johnson, the school district’s business manager, presented the budget to the board and fewer than five visitors — including teachers, principals and an incoming board member — highlighting the teacher salaries and benefits as primary costs in the district.
Salaries make up the largest piece of the budget at $15.2 million, with benefits taking second at $6.3 million.
“Salaries and benefits are 84 percent with other expenses making up the remaining 16 percent,” Johnson said.
The remainder of the budget is dedicated to purchased services at $2.2 million, capital outlay and supplies and materials at $1.7 million each, debt retirement at $1.4 million and an unappropriated balance of $2.8 million.
A contingency reserve of $679,015 is also listed, and is slightly more than 2 percent of the budget.
The numbers do not reflect the 3.3 percent increase in salaries and benefit contribution increases of $39, for a total of $826 per teacher per semester.