Direct Aid to Public Education (197)
| Request Title | Update retirement contribution rates for Standards of Quality related positions |
| Biennium | 2014-2016 |
| Budget Round | Initial Bill |
| Category | New general fund spending initiatives |
| Region | None |
Description
|
Adjusts the funds needed to support the employer rate change from 11.66 percent to 14.50 percent for the state share of contributions paid on behalf of public school teachers for retirement. This adjustment also includes a reduction from the employer rate change from 10.23 percent to 9.40 percent for the state share of contributions paid on behalf of non-professional support positions for retirement. |
Funding Summary
| Object Type | FY 2014 | FY 2015 | |
| General Fund Dollars | $80,645,463 | $80,964,613 | |
| Nongeneral Fund Dollars | $0 | $0 | |
| General Fund Positions | 0.00 | 0.00 | |
| Nongeneral Positions | 0.00 | 0.00 | |
| General Fund Transfers | $0 | $0 | |
| General Fund Revenue | $0 | $0 | |
| Layoffs | $0 | $0 | |
| Additions to Balance | $0 | $0 |
Funding Details
| By Program | Program Code | Program Title | FY 2014 | FY 2015 |
| 178 | State Education Assistance Programs | $80,645,463 | $80,964,613 | |
| By Fund | Fund Code | Fund Title | FY 2014 | FY 2015 |
| 0100 | General Fund | $80,645,463 | $80,964,613 |
Authorized Position Details
| By Program | Program Code | Program Title | FY 2014 | FY 2015 |
p3_opview - Official Enacted Budget View Operating Bullet Details - 06-05-2025 19:19:47
