2012-2013 Extra Credit Budget Math - Educators

Some numbers to consider this budget cycle 2012-13
There are 4 ways a teacher can increase their pay in the PW school system.
1) a cost of living increase, lets call it a raise.
2) a step increase which is an increase in salary that is given for each new year of service.
3) a lane increase, which is a bonus salary increase that is given for successfully acquiring a certain number of additional university credits.
4) unit pay, for coaching a sport or other activity.

Contractually obligated increases for the 2012-2013 school year:
There are 467 teachers.
Average teacher salary: $106,000
1) The cost of living/raise component of next years budget is 2.75% increase.
   average raise = $2,915  per teacher  (cost to school = x 467  = $1,361,000)

2) There are approximately 310 teachers eligible for a step increase this year .
Each year of service receives an increase of $2,700.  (The total cost to the school is ~310 teachers x $2,700 = $837,000)

3) The total cost of the "lane" increase this year is approximately $400,000.
this is an additional increase which only applies to those teachers who have achieved the required educational credits.

4) units.   applies only to those moderating/coaching...  i haven't had time to get these yet.   I am unsure if there is an increase per credit this year...   anyone, please feel free to fill in the gaps..

Average increase this year (excluding per unit cost increases if any):
total increase:  raise + step + lane
= $1,361,000 + 837,000 + 400,000
= $2,598,000
There are 467 teachers...
Average gross cash INCREASE per teacher is $5,563

actual cost to the school is higher...add approximately +18% for additional social security, benefits, pension contribution, etc...

If the teachers give back $2,000 gross of their average $5,563 gross increase. That saves $2,000 x 467  = $934,000
plus benefit cost reduction of  18%  = $168,120
Which totals ~ $1,102,120
which is just about enough $ to not fire one teacher in the 2% cap budget that was presented at the BOE meeting of  2/7/12

Parents pay 2%,  teachers reduce average increase by $2,000, teachers receive average increase of $3,563.   No teachers let go = programs preserved =  happy children = happy moms =--> happy dads.

Have fun with this years numbers...I'll try to get your questions answered.
take care.