Fayette School Board adopts $228.84 million general fund budget

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The Fayette County Board of Education on Aug. 10 adopted the 2020-2021 General Fund budget totaling $228.84 million. The adoption represents a $610,000 decrease from last year.

The General Fund budget for FY 2020 was $229.45 million, a $610,000 difference from the $228.84 million FY 2021 budget.

Though expenditures are set at $228.84 million, revenues tallied at $218.7 million, which included a $10 million decrease from the state due to budget reductions in the face of the Covid-19 pandemic. That amount will be made up by using $10.2 million from the school system’s fund balance (reserves).

In terms of revenues for FY 2021, state QBE (quality basic education) funding, which is essentially the amount a school system receives per student attending. In total, QBE funding for FY 2021 totals $101 million., while property taxes and motor vehicle taxes total approximately $116 million. The difference in revenues and expenditures was made up by using the fund balance (reserves).

Expenditures included no cost-of-living increases or salary increases, though it did include step increases at $2.4 million, an increase of 12.4 school-based teaching positions (mostly at elementary schools) at $2.4 million, a decrease of 8.5 school-based non-teaching positions at $255,000 and an increase of 10 teaching and parapro special education positions at $800,000.

Noted in the budget presentation were the salary and benefits of starting teachers, those with eight years’ experience and those with 20 years.

A starting teacher (T-4) earns $43,358 and $22,921 in benefits, for a total compensation of $66,279.

A teacher (T-5) with eight years’ experience earns $59,717 and $27,290 in benefits, for a total compensation of $87,007.

A teacher (T-6) with 20 years’ experience earns $79,481 with $32,569 in benefits, for a total compensation of $112,050.

Benefits total 32 percent of total compensation, and included health insurance, TRS (teachers retirement system) contributions and the school system’s Social Security contributions.

1 COMMENT

  1. I am a teacher in Fayette county.  The article by Mr. Ben Nelms about the FCBOE new budget on 8/12/20 notes a compensation package for a 20-year veteran teacher of $112,050.  This is extremely misleading.

    I have a T5 certificate, Master’s degree, and 30+ years of public school teaching.  My salary, according to the FCBOE fiscal year posted salary schedule, is $73,656.  With an estimated benefit addition of $18,000 my total benefits and salary compensation comes to $91,656; roughly $20,000 less than what Mr. Nelms notes for a 20 year veteran teacher.

    I’m not sure what certification level Mr. Nelms is basing his estimate on but our citizens should know that the information is erroneus.

    BHK