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

[Heather Reale]

If you are using ADS what are you using for the budget code? Are you
including under the salary line separately or as a lump?
*Heather A. Reale*
Interim Director of Finance
Wells-Ogunquit Community School District
hreale at wocsd.org
207-641-6909


On Thu, Jan 4, 2024 at 7:32 AM Carrie Colley <c.colley at msad17.org> wrote:

> We will budget worst case scenario also 1% for 6 months.
>
> Carrie
>
> 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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>>> 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
>>
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>
>
> --
> Carrie Colley
> Director of Finance & Operations
> M.S.A.D. #17
> 232 Main Street, Suite 2
> South Paris, Maine 04281
> 207-743-8972
> 207-743-2878 (Fax)
> c.colley at msad17.org
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