Unemployment insurance is slamming Pasco schools
By admin at 1 December, 2009, 11:22 am
The Pasco school district has not laid off any employees this year despite the rough economy. Even so, the district is projecting a deficit in its unemployment insurance costs, chief financial officer Olga Swinson told the School Board today. In the first quarter of 2009-10, the district spent $250,000 on unemployment, up from $100,000 for all of 2008-09. If the trend remains on its current pace, Swinson said, the district will fall $700,000 short on this line item: "We didn't budget enough." Superintendent Heather Fiorentino explained that several factors are at play. Among them: The district had to agree to pay unemployment claims in order to qualify for federal stimulus funding, which is propping up the budget to the tune of millions. Pasco County has a 12.5 percent unemployment rate. The Pasco school district is the county's
See original here:
Unemployment insurance is slamming Pasco schools
No comments yet.