For a fifth straight year, Perkins Schools teachers have agreed to forgo base pay increases.
At a 15-minute meeting Wednesday evening, school board members OK'd a new contract between the district's administrators and teachers union, effective for the 2014-15 and 2015-16 school years.
All four board members present approved the agreement, which is nearly identical to the pair's previous contract.
Board member Andy Carroll did not attend the meeting.
"Negotiating is never an easy process, but this was a good process," board president Matt Kosior said. "I think both sides understand where the other is coming from, and the financial difficulties the district has going forward."
Under the new contract, teachers will still retain their step pay increases, which teachers receive as their experience grows.
The contract does not hike their insurance costs, which have already increased greatly in the past five years, Kosior said.
"Teachers are making significantly less money, and although that may not be visible in salaries, it is in their total compensation package," he said.
The Register submitted a public records request to district treasurer Lisa Crescimano on Wednesday evening, requesting a copy of the finalized agreement, as well as specific figures regarding how it will impact the district's budget.
Levy deadline looming
Wednesday's gathering was the district's last regularly scheduled school board meeting before the deadline to place a tax levy on the November ballot.
On the heels of four straight failed levy attempts, it's still unclear if board members plan to try again this year.
The deadline to officially place an issue on the ballot is Aug. 6.
It's possible board members could announce a special meeting within the next few weeks to begin the process of placing a levy on the ballot.
The district's budget is dwindling, with only about $413,000 remaining in its cash reserves as of July 1. Its yearly budget is about $21 million.
When approached Wednesday, Kosior declined to comment on another possible levy attempt, saying board members hadn't finished discussing their options.