Meanwhile, Guinn said the cost of the targeted compensation adjustments has increased to $6.5 million, compared to $6.1 million from the May 4 agenda review meeting, due to the district increasing compensation adjustments for counselors, nurses and athletics.
Guinn recommended proceeding with paying $1.7 million for increasing starting pay, monitor pay and sign-on bonuses for bus drivers and monitors, due to the district having problems filling those roles.
In a change from the most recent meeting, Guinn said he now favors a financial scenario that contains funding compensation commitments already budgeted, such as differentiated teacher step raises and Year 2 of the one-time appreciation supplement, as well as using $1.7 million from $7.2 million in land sale funds to pay for the bus drivers and monitor pay incentives. This scenario would meet the 90-day operating reserve benchmark.
The board can still amend the budget in the future to help cover the other targeted compensation adjustments when funds become available.