Lake Wales Charter Schools trustees on May 29 reviewed the draft employee compensation plan for the 2025–26 school year and discussed timing for final budget approval amid pending state funding decisions.

Superintendent Ricky told trustees that federal-program allocations were essentially flat and that the district would prepare a budget but wait for the state appropriation act before final approval. He recommended scheduling a July meeting to present a budget with greater confidence once state action is complete. The board voted to add a July meeting to the 2025–26 calendar.

Why it matters: State and federal funding levels determine how much the district can commit to salary increases, program funding and operations for the new fiscal year.

Compensation specifics and risk: Trustees discussed teacher pay and the system’s need to remain competitive with Polk County. The superintendent said conference-report figures indicate additional money for teacher salary increases (he referenced the conference report and a senate bill figure during discussion), but final numbers depend on the governor signing the appropriation. The superintendent also explained the district’s health-insurance premium carries a significant cost: he estimated the district’s health plan costs roughly $7 million against a roughly $44 million general fund, and that rising premium costs have absorbed funds that might otherwise be available for raises.

Trustees asked when final figures would be available; the superintendent said he expects to present final budget figures at the July meeting to avoid adopting a budget that might need later reversal.

Board action: Trustees approved the employee compensation plan as presented for formal vote in the regular meeting (motion passed). The compensation committee will meet to refine numbers once state funding is finalized.

What’s next: HR and administration will prepare a July budget presentation and the compensation committee will reconvene to model sustainable raise scenarios pending the state appropriation.