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Knoxville School Board Talks Budget, Possible Shortfalls
Posted By News On May 14, 2013 @ 6:30 am In Today’s Local News | Comments Disabled
The Knoxville School Board discussed future budget information during their regular meeting last night. Examples were given regarding the difference between two percent and four percent allowable growth in terms of expenses and revenues, noting the fact that two percent allowable growth means the projected shortfall is much greater. It was noted that a retirement incentive may need to be provided again in the next couple years to reduce expenditures.
The School Board also heard reports on how the Affordable Care Act may impact employment practices. The district would need to provide insurance for employees that work between 30 and 35 hours per week; that includes a number of food service employees and possibly some bus drivers. Currently, the district provides an insurance plan for those who work 35 or more hours per week.
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