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

[Wendy Bradstreet]

RSU29 opted to use the whole 1% to be on the safe side.  Too many unknown
variables at this point.....
*Wendy Bradstreet*
*RSU29 Business Manager*
*PO Box 190*
*Houlton ME 04730*
*(207)538-3137*
*wendy.bradstreet at rsu29.org <wendy.bradstreet at rsu29.org>*



On Tue, Feb 6, 2024 at 11:27 AM Heather Reale <hreale at wocsd.org> wrote:

> What did everyone end up using for the Employer(ER) code for the 1% or .5%
> in the budget for the FMLA?
> *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 3:42 PM Lisa Harkin <lharkin at kitteryschools.com>
> wrote:
>
>> .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
>>>>
>>>> _______________________________________________
>>>> SchoolFinance mailing list
>>>> SchoolFinance at maillist.informe.org
>>>> http://maillist.informe.org/mailman/listinfo/schoolfinance
>>>
>>>
>>>
>>> --
>>> Adam Hanson
>>> Controller
>>> Lewiston Public Schools
>>> 36 Oak Street
>>> Lewiston, ME 04240
>>> Phone: (207) 795-4100, ext. 4051
>>> Fax: (207) 795-4177
>>>
>>> LEGAL CONFIDENTIAL: The information in this email and in any attachment
>>> may contain information which is legally privileged. It is intended only
>>> for the attention and use of the named recipient. If you are not the
>>> intended recipient, you are not authorized to retain, disclose, copy or
>>> distribute the message and/or any of its attachments. If you received this
>>> email in error, please notify me and delete this message. Thank-you.
>>> _______________________________________________
>>> SchoolFinance mailing list
>>> SchoolFinance at maillist.informe.org
>>> http://maillist.informe.org/mailman/listinfo/schoolfinance
>>
>>
>>
>> --
>> Lisa Harkin
>> 207-651-3407
>> Finance Manager
>> _______________________________________________
>> SchoolFinance mailing list
>> SchoolFinance at maillist.informe.org
>> http://maillist.informe.org/mailman/listinfo/schoolfinance
>
> _______________________________________________
> SchoolFinance mailing list
> SchoolFinance at maillist.informe.org
> http://maillist.informe.org/mailman/listinfo/schoolfinance
-------------- next part --------------
An HTML attachment was scrubbed...
URL: <http://maillist.informe.org/pipermail/schoolfinance/attachments/20240206/d10be75e/attachment-0001.htm>