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

[Heather Reale]

Was the email sent this morning?
Thank you

*Heather A. Reale*
Interim Director of Finance
Wells-Ogunquit Community School District
hreale at wocsd.org
207-641-6909


On Mon, Jan 8, 2024 at 9:54 AM Sue Bell <sbell at rsu26.org> wrote:

> Morning,
>
> I just received a survey that was sent to my Superintendents today in
> regards to Data needed this week on the Fiscal Impact of the Paid
> Family Leave Act. Have any of you done your 1% calculations and
> submitted them on their survey sheet?  I do not have the salaries in
> the budget yet for FY25 as we are negotiating. Are you using this
> year's salaries or estimating next year's salaries?
>
> Thanks
> Susan Bell
> RSU 26 -Payroll/HR/ Benefits
> 207-962-1133
>
>
>
> 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)
> >> 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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