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Enhancing State Revenues and Teacher Compensation: A School Budget Summary

This budget overview focuses on increasing state revenues through a lottery and an add-on to support teacher compensation. It also outlines expenditure increases for salaries and health insurance, particularly for math teachers in Virginia. The goal is to ensure schools are functional and safe for all students, preparing them for success in a changing world. The budget details various pay options, impact assessments, and 20-year financial projections based on different scale selections. Additionally, the summary highlights funding allocations for new school focus areas and the importance of maintaining safe and functional school environments.

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Enhancing State Revenues and Teacher Compensation: A School 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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