FY27 Budget Priorities

Salary & Benefits

   •   Mandatory - TRS increase from 21.91% to 22.32% - $3.5M
   •   Mandatory – SHBP increase from $1865 to $2028 PMPE - $18.5M
   •   Strongly encouraged – Step increases for eligible employees - $5.0M
   •   Strongly encouraged – transfer incentive for highly effective teachers / leaders that go to
       Horizon schools - $360K annually.
   •   As funding allows – enhance 403b benefits
           o vesting period set at 2 years for all employees - $1.5M
           o increase matching contributions up to 3% - $4.5M
   •   As funding allows - 1% COLA - $12.0m

Instruction & School Leadership

   •   Strongly encouraged - Social Studies curriculum adoption - $14.5m
   •   Strongly encouraged - Science curriculum adoption - $14.5m
   •   As funding allows – paraprofessionals in kindergarten
           o General Fund – 1 per school?
           o Horizon – 1 additional per Horizon school? Should this be tied to why they are
               identified as Horizon?
           o Title I - What title support can be offered?
   •   As funding allows - Virtual option for alternative school. Need cost
   •   As funding allows – review RAMP for nurse allocation formula, benchmark nursing
       salaries.

Operations

   •   Strongly encouraged – Maintain 15% fund balance throughout the fiscal year.
   •   As funding allows - Investment in facilities through transfer to fund 300.
   •   As tax digest growth allows - Continue to reduce millage rate.
   •   As tax digest growth allows - provide a more generous senior exemption.