Tuesday, February 26, 2013

What About That Salary Increase?

The budget that passed the GA, subject to amendment in the reconvened session on April 3, adds $11.6 million to the $58.5 million in FY14 included in the introduced budget for the state share of a 2 percent salary increase, effective Aug. 1, 2013, for funded SOQ instructional and support positions. A local match based on the composite index is required. School divisions will be allowed to give a 2.0 percent pay increase by Jan. 1, 2014 (equivalent to 6 months of local funding), and will still receive the state's share of a 2 percent increase based on Aug. 1, 2013 (equivalent to 11 months of state funding). The budget language prohibits use of the state funds to implement the "5 for 5" VRS swap approved last session. The state funding contingent on revenue forecast.  Item 139 #16c, Item 139 #10c

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