FACTORS OF THE FY26 SCHOOL COMMITTEE APPROVED BUDGET
% Increase from FY25
$ Increase from FY25
FY25 School Committee Approved Budget
$282,647,007
FY26 Superintendent Proposed Budget
$292,963,624
$10,316,617
3.7%
FY26 Budget Increase
Salary Increase for All Employees
$
8,721,497
Benefits Increase for All Employees
$
3,422,524
Salary and Benefits Increase for All Employees
$ 12,144,021
4.3%
FY26 Additional Changes by Program Area
FTE
Elementary Schools
-19.9
$
(1,070,610)
Middle Schools
-2.0
$
(176,054)
High Schools
0.0
$
100,000
English Language Learning
0.0
$
-
Teaching and Learning
-3.5
$
(553,382)
Information Technology and Library Services
-3.1
$
(662,578)
Student Services
11.74
$
1,634,123
Operations
0.0
$
(1,721,606)
Systemwide Programs & Adjustments
1.5
$
622,702
Additional Changes by Program Area
-15.2
$
(1,827,405)
-0.6%
3.7%
Final Budget Increase FY24 to FY25
-15.2
$ 10,316,617
I.
SALARY AND BENEFITS INCREASE FOR ALL EMPLOYEES
(A) Salary and Benefits Increase for All Employees: Includes the projected cost of all salaries.
Includes the impact of all collective bargaining contracts. Benefit costs for employees are estimated to increase in FY26 including health insurance, life insurance, Medicare tax, dental insurance, and Other Post Employee Benefits liability and Unemployment. Medicare Part B is reduced by 50% each year
SALARY AND BENEFITS INCREASE FOR ALL EMPLOYEES
$ 12,144,021
-81-
Made with FlippingBook interactive PDF creator