2020-21 Budget, Pay Raises Approved

Trustees Approve Budget, Pay Raises For 2020-2021
Posted on 08/31/2020
This is the image for the news article titled Trustees Approve Budget, Pay Raises For 2020-2021Marshall ISD's Board of Trustees on Monday approved the district's 2020-2021 budget during a special called meeting in the Pat Smith-Gasperson Board Room.

The $47.6 million budget will include a 4 percent increase in salary for teachers on the district's pay scale as well as district administration. District auxiliary personnel also received a 2 percent pay increase in the annual budget package.

The top three line items in the budget for the school year are Instruction ($25.9 million), Plant Maintenance and Operations ($5.3 million) and School Leadership ($2.7 million). The Student Nutrition fund comes in at $3.3 million for the year, while the district's Debt Service fund is budgeted at over $6.4 million.

The pay raises in the budget will put the salary for a first-year teacher in MISD at $40,560 for the year. The pay scale tops out at $57,241.60 for teachers in their 21st year of teaching. New employees to the district with at least 20 or more years of experience will enter the scale at that salary.

Estimated revenue for the district include $24.9 million from Local and Intermediate Sources; $22.1 million from State Program Revenues and $585,000 from Federal Program Revenues.
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