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Trustees discuss using fund balance to support employee pay raises, but agree to wait for state action before finalizing

3060186 · March 25, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

Board members discussed whether to use reserves to fund a retention/raise package for staff while watching pending state school‑finance action; trustees expressed strong support for employee pay increases but urged caution because state legislation and funding details remain uncertain.

Board members discussed options for staff compensation in the 2025–26 budget, including a one‑time retention stipend and a permanent pay raise funded in part by drawing down fund balance. Finance staff presented current estimates showing an improved out‑turn for the current year and scenarios for the upcoming fiscal year given pending legislative changes.

Finance staff said the district adopted the current-year budget in June with a…

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