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Board acknowledges Indiana Department of Education notice on funding floor; district met 60% teacher‑salary rule in FY24
Summary
The district received and acknowledged a Jan. 3 notice that its fiscal 2024 teacher‑salary funding floor fell below the prior-year floor. Administration explained causes and said the district’s FY24 teacher salary+benefits percentage was 62% (above the 60% threshold). The board acknowledged the notice and will post the required statement online.
The board discussed a notice from the Indiana Department of Education indicating that the district’s fiscal 2024 spending subject to the state’s “funding floor” fell below the prior year’s floor. Kendra Franks reported the FY23 funding floor had been set at $7,035,700; for FY24 the…
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