2012 – 2013 Budget
by pwceducationreform
2012 – 2013 Budget
March 29, 2012 — pwceducationreformBelow is a summary of the cuts and increases in the 2012 – 2013 budget. The budget is the same as it was for the 2011 – 2012 school year, with the following exceptions:
- Pension and Group Term Life rates have increased resulting in $32 million additional expense.
- Approximately 2767 more students are expected to enroll in PWCS next year, costing an additional $24 million.
- Staff salaries will go up one step for an average increase of 2.89%. The actual % increase will vary by step and grade with some staff receiving less than 2.89% and some staff receiving more than 2.89%. The projected cost of this increase is approximately $17 million.
- Staff will be required to contribute 1% of salary towards their pension benefit, but they will receive an additional 1% salary increase to offset that. There will be no net decrease in staff paychecks as the 1%’s will offset one another, however, the division will incur additional costs because of payroll taxes on the salary increase.
To provide for these additional expenses, the following cuts will be made to the budget:
- Overall spending, except as noted below, will remain at 2011 – 2012 levels.
- The “in-school” contracted day will increase from 7 hours a day to 7.5 hours a day.
- Spending across the board will decrease .5%, including spending at local schools with
