Superintendent of Public Instruction - Institutional Education

	Average Annual FTEs	Near General Fund State	Other Funds	Total Funds
	(Dollars in Thousands)
Current Budget	0.0	27,968	0	27,968
2023-25 Maintenance Level	0.0	30,821	0	30,821
Difference from 2023-25 Original	0.0	2,853	0	2,853
% Change from 2023-25 Original	0.0%	10.2%	0.0%	10.2%
2023 Policy Other Changes
K-12 Salary Inflation	0.0	54	0	54
2023 Policy Other Changes Total	0.0	54	0	54
2023 Policy Comp Changes
Pension and DRS Rate Change	0.0	(268)	0	(268)
Updated SEBB Rate	0.0	4	0	4
2023 Policy Comp Changes Total	0.0	(264)	0	(264)
2023 Policy Central Services Changes
2023 Policy Central Services Changes Total	0.0	0	0	0
Total Policy Changes	0.0	(210)	0	(210)
2023-25 Policy Level	0.0	30,611	0	30,611
Difference from 2021-23	0.0	2,643	0	2,643
% Change from 2023-25 Original	0.0%	9.5%	0.0%	9.5%

Policy Changes

K-12 Salary Inflation

Compensation inflation is increased to 4.5 percent in the 2023-24 school year. (General Fund - State, WA Opportunity Pathways Account - State)

Pension and DRS Rate Change

An adjusmtment is made for pension contribution rates including to fund a benefit increase of 3%, up to a maximum of $110 per month for eligible Public Employees' and Teachers' Retirement Systems Plan 1 members, as well as savings that result from the termination of the Plan 1 unfunded liability rate. (WA Opportunity Pathways Account - State, General Fund - State)

Updated SEBB Rate

This item funds adjustments to the SEB rate at rates of $1105 per month in the first fiscal year and $1176 per month in the second fiscal year. (WA Opportunity Pathways Account - State, General Fund - State)