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Floyd County school leaders ask supervisors for more local funds to raise pay, buy buses and address building needs
Summary
School officials told the county board that rebenchmarking and an updated local composite index are raising the local share of education funding and asked for increased local match to raise teacher and support-staff pay, purchase three buses outright and begin a capital improvement plan for aging facilities.
School officials on Thursday told the Floyd County Board of Supervisors that state funding changes have shifted a larger share of public school costs to local taxpayers and asked for additional local match dollars to shore up staff pay, replace buses and begin addressing long-deferred facility repairs.
Dr. Kramer, speaking for the Floyd County School division, said two technical changes drove the request: the Department of Education’s rebenchmarking process and the local composite index (LCI). "Rebenchmarking added about $2,200,000 for Floyd County," Mr. Booth, the schools’ finance presenter, said, adding that the statewide rebenchmarking total was near $1.2 billion. Booth explained that rebenchmarking and the LCI combined to shift more cost responsibility to localities.
The BOE’s draft FY27 budget uses those additional local-match funds primarily to make salaries more competitive, address an aging transportation fleet and increase the employer portion…
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