It turns out that Indiana’s new school funding flexibility law is providing only half a loaf for the Monroe County Community School Corp. Half a loaf may be better than none, but it’s not nearly enough.
And increasing MCCSC payments for employee insurance costs are taking a big bite out of that half-loaf.
Last weekend, I posted a story here that said the MCCSC should be able to transfer 10 percent of the local property tax levy from its capital projects fund to the general fund, to help cover teacher salaries and other personnel expenses. I was wrong.
The contract approved last week by the school board and the Monroe County Education Association met two of the criteria for a 10-percent capital-projects transfer: It froze teacher salaries at their 2009-10 level and capped “increment” raises at 2 percent.
But it didn’t meet the third requirement of the funding flexibility measure that the state legislature passed this spring: that the school corporation could not increase its proportional contribution to employee insurance premiums. Continue reading