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Committee backs market-based pay enhancement for teachers, capping increase at 50% of county average pay
Summary
The Senate Finance Committee voted to report a committee substitute for Senate Bill 506 to the full Senate with a recommendation that it pass; the substitute sets a formula based on median home prices to determine a market pay enhancement for certified classroom teachers.
The Senate Finance Committee voted to report a committee substitute for Senate Bill 506 to the full Senate with the recommendation that it do pass. Committee counsel described the substitute as a market pay enhancement intended to help retain certified classroom teachers in West Virginia counties where housing costs create higher local market pressure.
Under the committee substitute for the committee substitute, the State Board of Education must calculate three median home-price figures for the immediately preceding calendar year: the West Virginia median, each regional median and each county median. Two multipliers will be calculated: one by subtracting the West Virginia median from the regional median and dividing that by the West Virginia median, and the second by subtracting the West Virginia median from the county…
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