Superintendent of Public Instruction - SPI-Charter Schools Apportionment
| Average Annual FTEs | Near General Fund State | Other Funds | Total Funds | |
|---|---|---|---|---|
| (Dollars in Thousands) | ||||
| Current Budget | 0.0 | 145,786 | 1,667 | 147,453 |
| 2023-25 Maintenance Level | 0.0 | 181,614 | 0 | 181,614 |
| Difference from 2023-25 Original | 0.0 | 35,828 | (1,667) | 34,161 |
| % Change from 2023-25 Original | 0.0% | 24.6% | (100.0%) | 23.2% |
2023 Policy Other Changes |
||||
| K-12 Salary Inflation | 0.0 | 4,231 | 0 | 4,231 |
| 2023 Policy Other Changes Total | 0.0 | 4,231 | 0 | 4,231 |
2023 Policy Comp Changes |
||||
| Pension and DRS Rate Change | 0.0 | (1,956) | 0 | (1,956) |
| Updated SEBB Rate | 0.0 | 74 | 0 | 74 |
| 2023 Policy Comp Changes Total | 0.0 | (1,882) | 0 | (1,882) |
| Total Policy Changes | 0.0 | 2,349 | 0 | 2,349 |
| 2023-25 Policy Level | 0.0 | 183,963 | 0 | 183,963 |
| Difference from 2021-23 | 0.0 | 38,177 | (1,667) | 36,510 |
| % Change from 2023-25 Original | 0.0% | 26.2% | (100.0%) | 24.8% |
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)
