The Oceania Times

Top Menu

  • About us
  • Contact Us
  • Cookie Policy
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions

Main Menu

  • Australian Economy
  • Brokers
  • Commodities
  • Currencies
  • Financial Market
  • Gold and Precious Metals
  • Investment
  • Stock Shares
  • About us
  • Contact Us
  • Cookie Policy
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions

logo

The Oceania Times

  • Australian Economy
  • Brokers
  • Commodities
  • Currencies
  • Financial Market
  • Gold and Precious Metals
  • Investment
  • Stock Shares
  • Raymond James & Associates has purchased shares of NGM Biopharmaceuticals, Inc. (NASDAQ:NGM).

  • Raymond James & Associates buys 175,632 Sandstorm Gold Ltd. shares (NYSE:SAND)

  • China to boost economic rebound, stabilize foreign trade, investment

  • Senior Australian ministers to visit France, Britain to boost ties

  • Does That Call For Deeper Study Of Its Financial Prospects?

Investment
Home›Investment›Missouri’s education system sees large investment

Missouri’s education system sees large investment

By Megan
May 24, 2022
48
0
Share:

JEFFERSON CITY, MO. — Teachers making less than $38,000 a year in Missouri could receive a pay raise later this year, but it won’t happen without the local school district’s approval. 

Last year, the Department of Elementary and Secondary Education (DESE) said there were roughly 4,000 teachers making between $25,000 and $35,000 annually. Under the historic budget passed by lawmakers earlier this month, there’s money for a pay boost — but only if the districts opt into the program. 


Local governments in Kansas can still require masks

The General Assembly approved the largest budget in state history on May 6, $49 billion. It includes $214 million to fully fund the transportation formula for schools, something that hasn’t been done since the 1990s. 

“Obviously costs for transportation have gone up significantly over the past year with diesel prices and employee pressure on wages,” DESE Deputy Commission Kari Monsees said to the State Board of Education last Tuesday. “This is an area where districts have really filled the gap in and continue to do so, and this will certainly help local budgets tremendously.”

Nearly a quarter of a billion dollars is being spent to increase minimum teacher pay from $25,000 to $38,000. 

“It’s a grant process. So districts will have to apply for that, and when they do, we’re looking for some form of district-level commitment as well,” Vandeven said. “If they apply for this grant, they will demonstrate that they are willing and able to pay 30% of that salary increase.”

The state would pay for 70% of the raise and the rest is on the district, but the money is only available for schools where currently teachers make less than $38,000. There’s also $37 million for the Career Ladder program in the budget, giving raises to experienced teachers. Under the state statute, teachers who take professional credits, mentor students or participate in extracurricular activities fall under the program.There’s also money in the budget to help kids who are behind because of the pandemic. It’s called “Close the Gap.” The program was not requested by DESE but was an idea from lawmakers, appropriating $25 million to the project.

“In talking with a number of legislators with what they are trying to address, we are coming out of the pandemic currently. They see a real urgency in meeting the needs of our students, particularly those who are the most significantly impacted by that.”

Vandeven said while DESE is still working out how the program would exactly work, it would give parents additional resources to help students. 

“How does the department communicate about these programs to the schools and families?” State Board of Education Member Kerry Casey asked. 

“It will probably take us all summer for us to work through that process,” Monsees responded. “Some, we will prioritize to get out sooner rather than later for example the teacher pay on getting people up to $38,000.”

During May’s monthly board meeting last Tuesday, some members questioned the large sums of money that are allocated for certain topics, like reading. 

“My question is how and when will we know the effectiveness of that program?” board member Peter Herschend asked Vandeven. “When you’re talking $25 million devoted to a topic, particularly new money, when will we start hearing back about the impact of this? Because I don’t want to just say, ‘Wow, we got $25 million,’ and it’s funding, and then we don’t hear from it again.”

Vandeven responded by saying right now, the department is waiting for the governor to sign off on the budget. So DESE is telling districts to proceed with caution until approved. 


4Star Politics: The lines are drawn for voters, candidates

“We will be launching a reading assessment to measure what’s happening and how quickly we will be able to tell you the direct impact of these dollars on that reading is probably a couple of years down the road,” Vandeven said. 

Higher education is also getting a boost in funds, with $10 million going to community colleges. Besides the increase in community colleges, all higher education institutions received a 5.4% funding increase, along with additional money for their retirement plans.

This summer the Blue Ribbon Commission is set to meet to discuss growing educator recruitment and retention issues that the state faces. The commission is set to meet in June and then deliver a report to the State Board of Education in October. 

The $49 billion budget is sitting on the governor’s desk, who has until July 1 to either approve the spending plan or veto it. 

Suggest a Correction

Source link

Previous Article

Cybersecurity rulings important for all Australian businesses

Next Article

Reduced COVID-19 impact supports services growth in ...

0
Shares
  • 0
  • +
  • 0
  • 0
  • 0
  • 0

Megan

Related articles More from author

  • Investment

    Conterra Networks Continues to Invest in Fiber Network Growth Across Ouachita Parish

    September 30, 2022
    By Megan
  • Investment

    Boosh Announces First Closing of Above Market Financing and Investment by CEO

    January 9, 2023
    By Megan
  • Investment

    Investing In The Clean Energy Credit Revolution

    September 23, 2022
    By Megan
  • Investment

    Qcells Plans Largest Clean Energy Manufacturing Investment In US History

    January 11, 2023
    By Megan
  • Investment

    MAI Capital Management Acquires Prime Investment Advisors

    September 27, 2022
    By Megan
  • Investment

    Italy’s Cariplo foundation OKs 10 mln euro investment in Monte dei Paschi-source

    October 25, 2022
    By Megan

Leave a reply Cancel reply

You may interested

  • Investment

    May retail, industrial production, fixed asset investment

  • Investment

    LaRue County company investing $11.8M in operations | Local News

  • Stock Shares

    TSLA shares lose 2% following software recall, fall under March ’21 low

  • LATEST REVIEWS

  • TOP REVIEWS

Timeline

  • January 29, 2023

    Raymond James & Associates has purchased shares of NGM Biopharmaceuticals, Inc. (NASDAQ:NGM).

  • January 29, 2023

    Raymond James & Associates buys 175,632 Sandstorm Gold Ltd. shares (NYSE:SAND)

  • January 29, 2023

    China to boost economic rebound, stabilize foreign trade, investment

  • January 29, 2023

    Senior Australian ministers to visit France, Britain to boost ties

  • January 29, 2023

    Does That Call For Deeper Study Of Its Financial Prospects?

Best Reviews

Latest News

Stock Shares

Raymond James & Associates has purchased shares of NGM Biopharmaceuticals, Inc. (NASDAQ:NGM).

Raymond James & Associates disclosed in its most recent 13F filing with the Securities and Exchange Commission that it increased its holdings in N.G.M. Biopharmaceuticals, Inc. (NASDAQ: N.G.M.) during the ...
  • Raymond James & Associates buys 175,632 Sandstorm Gold Ltd. shares (NYSE:SAND)

    By Megan
    January 29, 2023
  • China to boost economic rebound, stabilize foreign trade, investment

    By Megan
    January 29, 2023
  • Senior Australian ministers to visit France, Britain to boost ties

    By Megan
    January 29, 2023
  • Does That Call For Deeper Study Of Its Financial Prospects?

    By Megan
    January 29, 2023
  • Recent

  • Popular

  • Comments

  • Raymond James & Associates has purchased shares of NGM Biopharmaceuticals, Inc. (NASDAQ:NGM).

    By Megan
    January 29, 2023
  • Raymond James & Associates buys 175,632 Sandstorm Gold Ltd. shares (NYSE:SAND)

    By Megan
    January 29, 2023
  • China to boost economic rebound, stabilize foreign trade, investment

    By Megan
    January 29, 2023
  • Senior Australian ministers to visit France, Britain to boost ties

    By Megan
    January 29, 2023
  • Raymond James & Associates has purchased shares of NGM Biopharmaceuticals, Inc. (NASDAQ:NGM).

    By Megan
    January 29, 2023
  • Australia’s economy: boom or bust?

    By Megan
    September 9, 2019
  • Australian economy suffers virus symptoms

    By Megan
    February 10, 2020
  • Australian economy likely already slowing in Q2 before Delta downturn

    By Megan
    August 30, 2021

Trending News

  • Stock Shares

    Raymond James & Associates has purchased shares of NGM Biopharmaceuticals, Inc. (NASDAQ:NGM).

    Raymond James & Associates disclosed in its most recent 13F filing with the Securities and Exchange Commission that it increased its holdings in N.G.M. Biopharmaceuticals, Inc. (NASDAQ: N.G.M.) during the ...
  • Gold and Precious Metals

    Raymond James & Associates buys 175,632 Sandstorm Gold Ltd. shares (NYSE:SAND)

    According to the most recent filing that Raymond James & Associates made with the Securities and Exchange Commission, the investment firm increased its holdings in Sandstorm Gold Ltd. (NYSE: SAND) ...
  • Investment

    China to boost economic rebound, stabilize foreign trade, investment

    China will consolidate and expand the momentum of its economic rebound, accelerate consumption recovery and stabilize foreign trade and investment, according to the decisions made at the State Council executive ...
  • Australian Economy

    Senior Australian ministers to visit France, Britain to boost ties

    SYDNEY, Jan 29 (Reuters) – Australia’s defence and foreign ministers on Sunday said they aimed to deepen security ties with France and Britain during visits to Europe this week, flagging ...
  • Investment

    Does That Call For Deeper Study Of Its Financial Prospects?

    Most readers would already be aware that Parkway Life Real Estate Investment Trust’s (SGX:C2PU) stock increased significantly by 7.0% over the past month. Given that stock prices are usually aligned ...
  • About us
  • Contact Us
  • Cookie Policy
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© Copyright The Oceania Times. All rights reserved.

SUBSCRIBE TO OUR NEWSLETTER

Get our latest downloads and information first. Complete the form below to subscribe to our weekly newsletter.