School district sees $40M budget for coming year
The Tahoe Truckee Unified School District board is scheduled to approve its $40 million budget this afternoon.
The bulk of the district’s revenue, which comes from property taxes, increased by more than $2 million this year to $24.9 million.
As a basic aid district, one that collects the majority of its funding from local property taxes instead of from the state, only $200,000 in revenue is expected to come from the Sacramento.
According to the district’s budget, $800,000 more will be spent on teacher salaries this year, but $800,000 less on employee benefits.
Teachers originally asked for a 7 percent cost of living increase from the district, which stood firm at a 3 percent adjustment for the 2006-07 school year. Teacher contract negotiations are on hold until a mediator can work with both sides this fall.
The cost of paying employees equates to nearly 85 percent of the entire budget and leaves $8 million for all program needs. Until contract negotiations are solid, school district officials said they won’t be able to add new programs or reinstate programs that have been cut in the past.