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Finance director outlines $1.6M compensation study cost and 24% health-insurance spike ahead of FY26 budget
Summary
Poquoson staff presented the FY26 budget context: governor's proposed 3% pay increase, a compensation study with an estimated $1.6 million full-implementation cost, and a projected 24% health-insurance increase that could add more than $500,000 to the district budget; the board will consider the superintendent's proposed budget in February.
Poquoson City Public Schools staff presented a finance update on Jan. 21 outlining state proposals and local budget pressures as the district prepares its FY26 spending plan.
The district’s finance staff said the governor’s proposed biannual budget includes funding for a 3% salary increase in FY26 for positions funded by the state. Separately, the district’s recently completed compensation study showed that fully implementing the recommended updated salary plan would cost about $1.6 million. The presentation broke that figure into roughly…
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