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Finance committee previews compensation model, CPI estimate and reserve balances
Summary
Committee reported a likely 2024 CPI of about 2.95%, plans for a teacher-led compensation model and showed committed fund balances earmarked for retiree benefits and a compensation model.
The district’s Financial Stability and Efficiency Committee updated the board on compensation planning and reserves, reporting a 2024 consumer price index estimate of about 2.95% and a proposed timeline to set a preliminary contract figure by mid‑April.
Miss Kaiser, chairing the report, said the committee expects to present a CPI number in mid‑April and that a teacher committee will design a compensation model. “Post Act 20, most districts moved to a performance model, and now everyone’s going back to a compensation model,” she…
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