Posted: Mar 20, 2013 7:48 AM by AP
ST. FRANCISVILLE, La. (AP) - A $1.5 million budget shortfall has forced the West Feliciana Parish School Board to freeze teacher salaries, cut administrative pay and propose a retirement incentive program.
The board's secretary and finance manager, Ruthie Davis, told the board Tuesday night that retirement funding costs have skyrocketed in the past four years, jumping more than 50 percent and weighing down the school board's available funds.
The Advocate reports the school board expects to pay out more than $4 million to state retirement programs next year.
In addition to the retirement cost burden, the school district is also dealing with a shrinking student population.
The school district's enrollment has declined by about 90 students in the last few years, representing a loss of about $450,000 per year in state funding.
Information from: The Advocate, http://theadvocate.com