Dollars and Cents of Collective Bargaining

State revenues have been quite tumultuous over the last few years and projections for 2023-24 were reduced quite significantly due to lower-than-expected tax receipts. Although state tax collections are outpacing projections in 2024-25, local educational agencies (LEAs) are still constrained by a cost-of-living adjustment (COLA) of only 1.07%. The low COLA combined with declining enrollment has created financial challenges for LEAs that are preparing for bargaining. LEAs must work to solve the complex puzzle of balancing LEA fiscal solvency with competitive compensation packages to recruit and retain highly qualified staff. Amidst these challenges, it is more important than ever to understand the fundamentals of preparing for bargaining and effectively communicating the position of the LEA—including the continued tracking of one-time resources.

This webinar contains important information for all levels of the business and fiscal departments, including accountants, fiscal directors, budget managers, and chief business officials, as well as other negotiating team members who want to learn more about the financial aspects of collective bargaining. Be sure to attend to learn new ideas for the experienced negotiator, as well as training for the newest participant on the management side of the table.

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