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

[Shelley Cummings]

I prepared for the worst case scenario of 1% for the six month period.


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



-- 
Shelley Cummings
Oxford Hills Technical School
Business Manager
207-743-7756 (opt 4)

*"The flaw in our character is our insistence on separating blue-collar
jobs from white-collar jobs, and encouraging one form of education over
another".....Mike Rowe*
-------------- next part --------------
An HTML attachment was scrubbed...
URL: <http://maillist.informe.org/pipermail/schoolfinance/attachments/20240103/bf5c9639/attachment-0001.htm>