Things are looking up financially
for the Fayette County school system, enough so to make good on a pay
raise for all employees starting in January.
But the district isn't
out of the woods just yet, Finance Director Jim Stephens told the Board
of Education Monday.
The good news is that the district
saved enough money through belt-tightening during the first five months
of the current fiscal year to make good on a promised pay raise to district
employees.
The across-the-board salary
increase of one-half percent per month is retroactive to July 1, so employees
will actually see a 1 percent increase in their checks after the first
of the year.
The good-faith measure was
offered as part of Stephens' regular mid-year amended budget, which
the board approved unanimously.
The adjusted spending plan
comes almost two months earlier than usual, said Stephens, partly by design
and partly by necessity.
"We're doing this
much earlier," said Stephens. "Last year it was February before
we made the adjustment, but the state is being much more open with us
this year."
State budget officials have
already handed down the yearly "austerity" adjustment, based
on amended enrollment figures and district needs. With it, said Stephens,
came word of still more budget cuts from the state level.
Superintendent John DeCotis
reminded the board that three years ago, almost 60 percent of the local
budget was paid for through state funds. The current budget splits the
responsibility nearly in half.
"We've added students,
we've added buildings but we've gotten less funding," said
DeCotis.
Added Stephens, "The thing
that has been our salvation and helped us through the years is the strong
growth in the Fayette County economy."
A significant increase in the
county's tax digest this year helped, said Stephens. Monday was the
deadline for paying Fayette County property taxes this year, the primary
source of revenue for the school system.
"The economy is getting
a little better but the people at the state level tell us that the government
is always about a year behind feeling the benefit," said DeCotis.
Additional savings have been
found through a hiring freeze applied in September to all non-instructional
spending. DeCotis noted that the freeze would be lifted and budgeted expenditures
allowed to proceed starting in January.
Also, several special ed teaching
positions and the like hired for needs that did not materialize have been
eliminated, saving more money, Stephens noted.
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