FACTORS OF THE FY25 SCHOOL COMMITTEE APPROVED BUDGET
% Increase from FY24
$ Increase from FY24
FY24 School Committee Approved Budget
$268,655,413
FY25 School Committee Approved Budget
3.7%
$278,547,007
$9,891,594
FY25 Budget Increase
Salary Increase for All Employees Benefits Increase for All Employees
$ $ $
8,252,015 1,313,887 9,565,902
Salary and Benefits Increase for All Employees
3.6%
FTE
FY25 Education Stabilization Funding
Elementary Schools
7.0 0.0
$ $ $ $ $ $ $
552,440
Middle Schools High Schools
-
14.3
1,124,609
Teaching and Learning
1.5
174,797 769,547
Student Services
10.36
Systemwide Programs and Adjustments Budget Increase to Education Stabilization
0.0
(4,100,000) (1,478,608)
33.1
-0.6%
Subtotal Budget Increase
33.1
$
8,087,295
3.0%
FTE
FY25 Additional Changes by Program Area
Elementary Schools
-1.7
$ $ $ $ $ $ $ $ $ $
(24,821) 211,807 212,938
Middle Schools High Schools
2.5 0.0 0.0 0.0 0.0
English Language Learning Teaching and Learning
-
140,830 186,075 307,363 704,191 65,916
Information Technology and Library Services
Student Services
12.29
Operations
0.0 0.0
Systemwide Programs & Adjustments
Additional Changes by Program Area
13.1
1,804,299
0.7%
Final Budget Increase FY24 to FY25
46.2
$
9,891,594
3.7%
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 FY25 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
$
9,565,902
-69-
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