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Greenville Co. Schools approve nearly $1Billion budget
Greenville Co. Schools approve nearly $1Billion budget

Yahoo

time3 days ago

  • Business
  • Yahoo

Greenville Co. Schools approve nearly $1Billion budget

GREENVILLE COUNTY, S.C. (WSPA) – The Greenville County Schools Board of Trustees unanimously approved the proposed FY 26 General Fund Budget Monday night. School officials confirmed with 7NEWS that the FY 26 budget is balanced, as required by policy, and reflects revenue and expenditures totaling $962,992,000. Officials said for the fourth time in 11 years that there is no millage increase; since this is a reassessment year, the total millage will be reduced by the provisions of statutes governing reassessment. According to the school district, the budget is based on favorable developments in the state's FY 2025-2026 budget and includes updates to state aid to classrooms, employee insurance, and retiree insurance. The projected revenue also reflects the assurance provided this fiscal year by Greenville County not to remove existing FILOT revenue from that previously committed to the district. Officials said a major focus of the budget is to increase salaries for teachers and employees to address inflation while remaining competitive in recruiting & retaining the best personnel in all positions. The budget also includes a $1,300 addition to every cell on the GCS teacher salary schedule. All other eligible employees will receive a step, school officials said. If the step is not valued at a minimum of 2.4%, it will be adjusted to equal a 2.4% increase. Employees not eligible for a step will receive a 2.4% increase. Expenditures – Notable new expenditures, according to GCS, in the budget include: $1,300 Increase to Every Cell on the GCS Teacher Salary Schedule A Step Increase for All Teachers A Step or Minimum 2.4% Increase for All Eligible Non-teaching Employees Funding for Student Growth Opening of Reedy Laurel Elementary School (36.75 FTE) Special Education Teachers (10.0 FTE) Special Education Aide Salary Scale Adjustment and Additional Days Behavior Specialists (2.0 FTE) Bus Driver Compensation for Years of Experience Mental Health Counselors (48.0 FTE) Custodians for Increased Square Footage (6.5 FTE) Bus GPS Management Tool Subscription Utility Cost Increase District Property/Liability Insurance Premiums Cost Increases for Existing Service/Supply Contracts A complete list of new expenditures, according to GCS, is available below: Expenditures Due to State Mandates: The items shown below are mandated through legislation. Teacher Salary Step $6,802,000 Teacher Certificate Upgrades 1,321,000 State Health Employer Contribution Rate Increase of 11.8% (July – December 2025) 3,396,000 State Health Employer Contribution Rate Increase of 4.6% (January – June 2026) 2,122,000 Total $13,641,000 Additional Expenditures: The following items reflect priorities needed to meet local requirements of the Education Plan for FY 26. Increases Associated with Student Growth $1,088,000 Reedy Laurel Elementary School (36.75 FTE) 2,919,000 Special Education Teachers (10.0 FTE) 965,000 Secondary MLP Curriculum Consumables 83,000 Teacher Salary Schedule Increase of $1,300 9,598,000 Add Step 37 to Teacher Salary Schedule 190,000 Adjust Special Education Aide Salary Scale 506,000 Special Education Aides Additional Days (3 days) 289,000 Behavior Specialists (2.0 FTE) 266,000 International Teacher Fees 207,000 Peer Evaluator Stipend 160,000 Non-Teacher Salary Schedules Step Movement – Minimum 2.4% 6,675,000 Bus Driver Compensation for Years of Experience 85,000 Mental Health Counselors (48.0 FTE) 1,484,000 Custodians for Increased Square Footage (6.5 FTE) 340,000 Bus GPS Management Tool Subscription 114,000 Utility Cost Increase 237,000 District Property/Liability Insurance Premiums 965,000 Cost Increases for Existing Service/Supplies 924,000 Total $27,095,000 Total Proposed Budget: $962,992,000 Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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