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Board authorizes certification to accept state $1,500 bonus but cautions funding shortfall
Summary
The board authorized the superintendent to certify intent to participate in the General Assembly’s one-time $1,500-per-eligible-employee bonus; staff estimated the state share at $458,408 and warned the full cost including employer FICA would require about $760,728.75 in local match if paid in FY26, leaving approval contingent on future budget decisions.
School finance staff explained the General Assembly action authorizing a one-time bonus with a state share for SOQ-funded positions and the mechanics the division would face to implement it.
Mr. Valentine (speaker 19) outlined the arithmetic: the state’s allotment for Warren County would be about $458,408; using a headcount of 755 eligible employees at $1,500 each plus employer FICA (7.65 percent) yields a gross cost of roughly $1,218,136.25. That means the division would need to provide the remaining local…
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