[SchoolFinance] New Paid Family & Medical Leave - budget strategy?

[Heather Reale]

Did the MDOE end up coming up with a code yet for this?
Thank you
Heather
*Heather A. Reale*
Interim Director of Finance
Wells-Ogunquit Community School District
hreale at wocsd.org
207-641-6909


On Wed, Jan 3, 2024 at 3:55 PM Batista, Ida <Ida.Batista at maine.gov> wrote:

> Hello,
>
>
>
> We are looking into the coding needs of this new law.
>
>
>
> Stay tuned!!!
>
>
>
> Best,
>
> Ida
>
>
>
> Ida Batista
>
>
>
> ________________________________________
>
> *Ida Batista*
>
> School Finance Manager
>
> Maine Department of Education
> 23 State House Station
> Augusta, Maine 04333-0023
> *Email**: **Ida.Batista at maine.gov <Ida.Batista at maine.gov>*
> *Phone*: 207-624-6795
>
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> *From:* SchoolFinance <schoolfinance-bounces at maillist.informe.org> *On
> Behalf Of *Lisa Harkin
> *Sent:* Wednesday, January 3, 2024 3:38 PM
> *To:* Moderated information sharing for school business managers <
> schoolfinance at maillist.informe.org>
> *Subject:* Re: [SchoolFinance] New Paid Family & Medical Leave - budget
> strategy?
>
>
>
> *EXTERNAL: This email originated from outside of the State of Maine Mail
> System. Do not click links or open attachments unless you recognize the
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>
> .5% from Jan-June.
>
>
>
> But I need a line/object to book it to.  Do you think the DOE will come up
> with one in time, if needed?
>
>
>
> On Wed, Jan 3, 2024 at 3:33 PM Adam Hanson <
> ahanson at lewistonpublicschools.org> wrote:
>
> Hi Kate,
>
> I will be discussing this with the superintendent next week, but my
> initial plan is to do exactly what you're doing and budget the full 1% as
> worst-case scenario.
>
>
>
> On Wed, Jan 3, 2024 at 3:11 PM Kate Bolton <kbolton at scarboroughschools.org>
> wrote:
>
> Hi all, happy New Year!
>
>
>
> Wondering whether you plan to budget for the new payroll tax for Paid
> Family & Medical Leave in your districts and how you will estimate it...
>
>
>
> The language of the budget bill says that a total of 1% of all wages must
> be collected as payroll premiums, and that up to 50% of the required
> premium may be deducted from the employee's wages. Knowing that DOL
> rulemaking will be going on at the same time we are all preparing to
> present our budgets, I'm tempted to prepare for the worst and budget the
> full 1% based on a January 1, 2025 start date, as I would much rather be
> able to reduce my cost estimates for second reading than have to add to
> them.
>
>
>
> What are y'all thinking? Will you use 0.5% as the employer share? Budget
> the full 1%? Roll the dice and leave it out of your projections?
>
>
>
> Thanks!
>
>
>
> :) Kate
>
>
> Kate Bolton
>
> (she/her/hers and here's why <https://www.mypronouns.org/what-and-why/>)
>
> Director of Business & Finance
>
> Scarborough Public Schools
>
> Tel: 207-730-4114
>
>
>
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>
>
> --
>
> Adam Hanson
>
> Controller
>
> Lewiston Public Schools
>
> 36 Oak Street
>
> Lewiston, ME 04240
>
> Phone: (207) 795-4100, ext. 4051
>
> Fax: (207) 795-4177
>
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> --
>
> Lisa Harkin
>
> 207-651-3407
>
> Finance Manager
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