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Senate committee advances market-pay enhancement for certified teachers tied to local home prices
Summary
A Senate committee approved a committee substitute for Senate Bill 506 to create a market pay enhancement for certified teachers based on county/regional median home prices; the measure was amended and sent to the full Senate with a first referral to the Finance Committee.
A Senate committee on [date not specified] voted to adopt a committee substitute for Senate Bill 506 that would create an annual market pay enhancement for certified teachers in counties where regional home prices exceed the West Virginia median.
The bill would require the State Board to determine the West Virginia median home price and regional median prices for each of the state's 55 counties, calculate a multiplier from the difference, and apply that multiplier to the average teacher base salary to produce a lump-sum enhancement. The State Board would certify required enhancements to the State Auditor by March 31 in any year a recalculation is required. The bill sets a schedule for recalculation and distribution: apply the multiplier beginning July 15, 2025 and every five years thereafter; begin lump-sum distributions on July 15, 2026 and every July 15 thereafter.
The committee substitute was presented by committee counsel,…
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