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Superintendent flags rising PERS costs, graduation targets and catch-up plans after snow closures
Summary
Superintendent Brent told the Phoenix-Talent SD 4 board that projected PERS contribution increases will affect the district budget in the next biennium, outlined plans for meeting new financial-literacy graduation requirements, and described options to make up instructional time after recent weather-related closures.
Superintendent Brent told the Phoenix-Talent SD 4 Board the district faces higher retirement (PERS) contribution rates in the next biennium and that staff and the board will need to plan for budget impacts.
Brent said projections show district PERS rates could rise by nearly 9 percentage points in the coming biennium and that the board will be asked to consider how to prepare, including possible set-asides or other financing strategies. He said the district’s prior use of pension bonds had reduced rates over the past 18–20 years but that advisers currently discourage new pension-bond issuance as a…
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