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South Bend CFO says district saved about $20 million and used it to raise teacher and bus-driver pay
Summary
Anaf Kamid, chief financial officer for South Bend Community School Corp, said operational changes — a new health-insurance vendor, insourcing facilities management and other efficiencies — produced roughly $20 million in recurring savings that funded historic teacher raises and higher bus-driver wages.
Anaf Kamid, chief financial officer for South Bend Community School Corp, told an audience that operational changes have produced roughly $20 million in recurring savings and allowed the district to increase pay for teachers and bus drivers.
Kamid said the district switched health-insurance vendors this year, lowering deductibles and premiums while keeping employee benefits intact. “By switching our insurance vendor, we saved $10,000,000 annually,” she said.
She described a legacy outsourced facilities contract that she said totaled $21,000,000 and raised costs after outsourcing;…
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