Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Budget Rates topic
No spam. Unsubscribe anytime.
Business official outlines pension rates and waits on state aid as budget season begins
Summary
School Business Official Denise Wist told the board that ERS is at 17.6% and TRS at 8.25%/8.75; the district is awaiting state aid runs (usually released late January) before finalizing budget figures.
Denise Wist, the district’s School Business Official, opened the budget discussion with current employer contribution rates and revenue timing. Wist reported the Employees' Retirement System (ERS) rate at 17.6% and Teachers' Retirement System (TRS) at 8.25%/8.75%. She also provided a range for Medicare reimbursement per position between $202.90 and $689.90 and used an estimate of $316.97 for planning.
Wist said the district plans to use BOCES fuel oil bids and is "waiting on aid runs" that typically arrive the last week of January; she will continue to "plug in numbers as they become available." Board members asked questions about late‑bus and after‑school program lines as staff prepared to present a full draft budget. No budget vote occurred at the meeting.
