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School finance director presents Coffee County Schools budget; board approved 2% to meet $50,000 starting-pay requirement
Summary
The school finance presenter told commissioners the district’s revenue estimate rose about $1.1 million from the state but $587,000 is restricted to certified-pay-scale increases; the board approved a 2% wage increase to meet a $50,000 starting teacher pay target and the schools reported a projected fund balance and several earmarked budget amendments.
The Coffee County Schools finance presenter reviewed the district’s proposed budget and answered commissioners’ questions about revenues, expenditures and program impacts.
On revenues, the presenter said the Tennessee funding formula (TISA) produced an estimate that was roughly $1.1 million higher than last year, but noted $587,000 of that amount is restricted to certified-pay increases required to raise starting teacher pay to a $50,000 certified scale. The district presented both a 2% and a 3% pay-increase scenario; the board approved the 2% increase as the minimum necessary to meet the…
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