The Cary Community School District 26 board voted to increase the salaries of returning administrators on single-year contracts by 3% at its meeting Monday night.
Superintendent Brian Coleman said the 15 administrators who received raises include principals, assistant principals and district program coordinators and district directors, among others.
The board approved a 3% increase for all 74 nonunionized educational support personnel, as well. This includes school office staff, clerks and secretaries.
This 3% increase is on top of whatever the employees’ base salary was last year, Coleman said.
Coleman said the 3% increase decided on this year was calculated in part by looking at what other school districts did.
“The board wants to provide fair and affordable raises for all employees,” he said. “Three percent is what the other [employee] groups got this year, as well.”
All other terms of the staff’s employment will remain the same.
This year’s contract began July 1 and is effective through June 30, 2020.
Also at the meeting, board members approved the fiscal 2020 budget.
This year’s total projected revenue for 2020 is $32,455,170, a 2.73% increase from the district’s fiscal 2019 budget. Of the fiscal 2020 money, $24,927,452, or 77%, comes from local property taxes. This is $280,646, or 1.14% more, than last year.
The district is expecting to receive $3,940,800 in general and other state aid, and $1,682,446 in federal money.
The district’s projected expenditures are $34,053,385. This is a 4.09% increase from fiscal 2019. Salaries will tentatively make up $17,295,240 of that.
“We have a good budget; it’s a balanced budget,” Coleman said. “We’re in good shape, we think, financially, to start the year out.”
Maria Treto-French, director of finance and operations for the district, said the budget is subject to complex economic, social and political risks and uncertainties, many of which are outside the district’s control.
These include the state’s economic situation, changes in legislation, liability or pension rates and enrollment, she said.