Savings on benefits to create jobs in Connecticut school district
At a time when school districts throughout the country are feeling the pinch of the increasing cost of employee benefits, the superintendent of schools in Stamford, Connecticut, has managed to not only sustain a reasonable budget, but add jobs as well.
According to the Stamford Advocate, superintendent Joshua Starr will debut a new annual budget that will be within 3 percent of the figure targeted by the Stamford Board of Education. Thanks to $2 million in recently discovered savings, Starr will be able to keep the budgetary and benefits costs down and save 13 jobs that were on the verge of elimination.
"The good news is that the city gave us new numbers last week on insurance, [other post-employment benefits] and pensions that reduce our request by [$2 million]. It's great," Starr told the paper.
Such optimism cannot be felt in California, where the state government is facing a significant deficit as it relates to employee benefits, According to the Sacramento Bee, the state will be responsible for approximately $2.2 billion in employee benefits and pension requirements, which accounts for nearly 10 percent of California's total budgetary gap.
According to the Stamford Advocate, superintendent Joshua Starr will debut a new annual budget that will be within 3 percent of the figure targeted by the Stamford Board of Education. Thanks to $2 million in recently discovered savings, Starr will be able to keep the budgetary and benefits costs down and save 13 jobs that were on the verge of elimination.
"The good news is that the city gave us new numbers last week on insurance, [other post-employment benefits] and pensions that reduce our request by [$2 million]. It's great," Starr told the paper.
Such optimism cannot be felt in California, where the state government is facing a significant deficit as it relates to employee benefits, According to the Sacramento Bee, the state will be responsible for approximately $2.2 billion in employee benefits and pension requirements, which accounts for nearly 10 percent of California's total budgetary gap.
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