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Officials present $1.035 billion FY2027 operating plan; five‑year blueprint targets $65,000 starting salary by 2031
Summary
Division finance staff presented a FY2027 operating plan of about $1.035 billion (a $48 million increase), outlined a balanced budget approach including a proposed 5% raise (roughly $37 million), and a five‑year plan that projects a $92 million gap and targets gradual teacher pay increases toward a $65,000 starting salary by 2031.
Chief financial staff presented the superintendent’s proposed FY2027 operating plan and a five‑year projection, framing the proposal as a planning document rather than a binding decision.
The operating plan for FY2027 was presented at roughly $1,035,000,000, about a $48,000,000 increase from FY2026. The presenter described the budget as balanced under current assumptions and identified two main state drivers: re‑benchmarking and a 2% state compensation supplement embedded in the governor’s proposal; the division’s budget also assumes a $15,000,000 county transfer included in the…
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