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

[Krol, Gabrielle]

We did the same thing- budgeted 1% for 6 months of all salaries, in the
same lines that our state and federal taxes post to.

On Thu, Jan 4, 2024 at 7:47 AM Pete Orne <pete.orne at fivetowns.net> wrote:

> We coded the same way. As State unemployment. We did budget 100% of the
> cost for FY25 (half year, so 0.5%).
>
> Pete
>
> Pete Orne, SFO
> Business Manager
> Camden-Rockport/Fivetown CSD
> 22 Knowlton St.
> Camden, ME 04843
>
>
> pete.orne at fivetowns.net
>
>
> Inline image
>
> Inline image
>
>
>
> On Thu, Jan 4, 2024 at 7:32 AM Cheryl Fournier <CFournier at sanford.org>
> wrote:
>
>> Hi everyone,
>>
>>
>>
>> I used the Unemployment tax object code to post it in the budget as it is
>> a state tax.  My superintendent and I agreed to only book the employer
>> portion at .5% (had to build it as .25% for the full year, per profund) as
>> we can not handle any additional expenses as it is.
>>
>>
>>
>> Cheryl
>>
>>
>>
>>
>>
>> *Cheryl Fournier*
>>
>> *Business Administrator*
>>
>> *Sanford School Department*
>>
>> *207-608-8704*
>>
>> *www.sanford.org <http://www.sanford.org/>*
>>
>>
>>
>> *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?
>>
>>
>>
>> *CAUTION:* This email originated from a server outside of the Sanford
>> School Department. Do not click links or open attachments unless you
>> recognize the sender and absolutely know the content is safe.
>>
>>
>>
>> .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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>
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-- 
Gabrielle Krol
Business Manager
MSAD 52
486 Turner Center Road
Turner, ME 04282
207-225-1006
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