The Oak Ridge Board of Education approved a budget on Wednesday that includes 3 percent salary increases and a request for an additional $538,048 from the city. That’s a 3.6 percent increase in city funding.
The budget was approved unanimously in the first of two readings this month. The second and final reading is at 5:30 p.m. Monday, May 23.
As approved in the first reading during a 15-minute meeting Wednesday, the budget includes the reduction of the full-time equivalent of four teachers and an increase in five technology positions. It includes experience-based pay increases known as step increases for staff. And it includes money to fund a 6.2 percent increase in health insurance rates and another 10 percent for dental insurance. [Read more…]