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Finance committee backs 2.63% (CPI) plus steps for 2026–27 teacher contracts

Finance Committee, Board of Trustees, Mineral Point Unified School District · March 4, 2026
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Summary

After weighing a flat 3.5% proposal versus a 2.63% CPI increase with steps, the Finance Committee recommended the CPI-based option with steps for 2026–27 teacher contracts and asked that support-staff salaries be reviewed for parity.

The Finance Committee reviewed the budget impact of two salary options for 2026–27 at its March 4 meeting and recommended that the full board approve the teacher-salary structure with a 2.63% (CPI) increase plus steps for the 2026–27 school year.

Minutes note the committee discussed both a flat 3.5% increase and a 2.63% option with steps and emphasized the importance of developing a sustainable salary structure. The committee also flagged the need to review the support-staff salary structure to address possible discrepancies in the future. The recommendation to approve the 2.63% (CPI) option with steps was recorded as unanimous among committee members present (3-0).

The minutes state teacher contracts are issued at the end of March, which creates a timeline for finalizing the committee’s recommendation before contract distribution. The committee forwarded the recommendation to the full board for action.