Trustees Approve Balanced Budget, One-time Employee Payment
At a special board meeting on Friday, June 22, the Duncanville ISD Board of Trustees approved a balanced budget for the 2018-2019 school year. In addition, Trustees unanimously agreed to provide qualified employees with a one-time payment of $1,000 and increased the district’s healthcare contribution for the second consecutive year.
Duncanville ISD Board of Trustees approved a balanced budget for the third consecutive year and continues to have a healthy fund balance. As the state heads into a legislative year where school funding is a widely discussed topic, district leaders shared a common interest in being fiscally conservative while seeking innovative solutions to continue offering students and families with the highest quality education and career opportunities.
One funding alternative is the Penny Swap, or Tax Ratification Election, scheduled for Saturday, September 8, 2018. Voters will decide if they will swap pennies from Debt Services to Maintenance & Operations. Doing so increases the state’s contribution to the school district, but does not raise the school tax rate for residents. To learn more about it, go to Penny Swap: Your school tax rate stays the same; schools receive more funding.
Trustees also approved a one-time payment of $1,000 for qualifying employees. To receive the payment, a person must be employed in the district as of September 4, 2018 and remain employed through the day of the payment on or before November 16, 2018. Temporary employees and substitutes are not eligible for this one-time payment. Temporary employees include employees who work in the district on an as-needed basis, such as ticket takers, gate helpers, etc.
To learn more about how the one-time payment will be received, click here.
Increased Healthcare Contribution
Insurance costs continue to rise along with the amount the state is asking employees to pay. To offer some relief for employees, Trustees increased the district’s contribution to healthcare by $16 a month making the district’s healthcare contribution approximately $3.7 million. That $16 monthly increase is for all employees who enroll in medical benefits through the district.
That monthly amount covers the premium increase for those enrolled in the employee only plan for ActiveCare 1-HD. So those employees will see no increase in healthcare premiums. For other plans, the additional district contribution will reduce employee’s monthly premium cost by $16. This is the second consecutive year that the district has increased contributions to healthcare to combat the increasing costs being passed along to employees by the state.
Click here to view the presentation Trustees received prior to approving the budget and compensation plan.