The Leander faculty board has authorised a 5% pay elevate for academics, counselors and nurses, a 4% pay elevate for different workers and a minimal hourly wage of $15 per hour.
The raises will price the district about $18.8 million. College board members voted 5-2 in favor of them on Thursday.
About 600 to 700 academics had not but signed their contracts for the following faculty 12 months as a result of they have been ready to see what the board would do on Thursday, mentioned Elaine Cogburn, the district’s chief monetary officer.
The raises will make the district aggressive with the pay that different districts supply, together with the Austin, Eanes and Spherical Rock faculty districts, Cogburn mentioned on Thursday.
Some faculty board members who voted in favor of the raises on Thursday mentioned the district might face having to pay extra cash to rent and practice tons of of recent academics if salaries weren’t elevated as a result of present academics would stop.
Board Member Aaron Johnson, who voted towards the raises, mentioned he was not in favor of “spending cash we do not have.”
Officers mentioned one of many points the district is going through is that it has projected that property values might develop by 18% within the subsequent faculty 12 months, which might imply the district must begin sending a refund to the state due to the state’s recapture program.
The recapture program takes regionally collected property taxes from property rich districts and distributes them to lower-wealth districts and constitution faculties within the state.
To complement the misplaced income and proceed to fund salaries, academics and applications, the district is planning for a voter approval tax fee election in November to maintain the tax fee the identical or decrease it whereas producing extra money for operations.
If the tax fee election succeeds, it should elevate $31 million in income for the district, Cogburn mentioned. Approval would imply that the district would transfer cash from the I&S tax fee, which pays for bonds, to the upkeep and operation, or M&O tax fee, that pays for operations.
If voters do not assist the tax fee election it should imply the district must face chopping 484 full-time positions, Cogburn mentioned.