District budget suggests no COLAs

Teachers and school workers will not get cost-of-living raises next school year, according to Clark County School District’s early budget outlook.

But district officials plan to give salary increases based on workers’ years of experience and professional qualifications and education.

District officials said they are planning for possible shortfalls in revenue, such as reduced tax collections because of declining property values.

The district gave no cost-of-living increases to workers this school year but is spending $17.6 million on salary increases based on longevity and professional growth for its 38,000 employees.

During a School Board workshop Wednesday, finance officers said they plan to carry over $50 million in one-time savings from the current $2.2 billion budget to help pay for next year’s expenses.

The district’s financial obligations in 2010-11 will not include preparing to open new schools the following year.

In other school district financial news, an independent auditor, Kafoury, Armstrong & Co., did not find significant accounting discrepancies in the 2008-09 budget.

Jeff Weiler, the district’s chief financial officer, said the district has managed to maintain an AA bond rating with Moody’s credit rating firm.

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