Background: How budget impacts salaries and benefits
The district’s $662 million general fund budget is the main funding source for employee salaries and benefits. Revenue in this fund is determined by the basic general education formula along with local property taxes and federal funding sources.
By the numbers:
When adjusting salaries and benefits, the district considers offers and settlements for employee compensation which are economically attainable and will not compromise the general well-being of students, while balancing funding the district is allocated to receive from the state based on the basic general education formula.
Breaking it down: In the legislative session that concluded in the spring of 2023, Anoka-Hennepin Schools received a 2% increase on the basic general education formula for fiscal year 2025, which is equal to $5.5 million.
The School Board approved the General Fund budget for the 2023-24 school year, which includes a 4.8% increase in salaries and 5.4% increase in benefits for all employee groups.