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

[Adam Hanson]

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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