Total gross funding to VPS from E2SSB 6362—$46 million per year—includes money designated to special purpose programs.
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- CTE – Career and Technical Education
- Bilingual education
- Materials, supplies, operating costs (MSOC)
- Learning Assistance Program
The $46 million per year also includes pass-through funding, which the district is required to pass directly to employees or community colleges.
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- Medical insurance premiums
- Employee retirement contributions
- Running Start
After backing out the designated and pass-through funds for the items listed above, the net new discretionary McCleary funding allocated to VPS is $52.4 million over the next three years.
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- 2018-19 – $24.4 million
- 2019-20 – $14 million
- 2020-21 – $14 million
All available net new discretionary money from E2SSB 6362, and more, would be invested in VPS’ Aug. 26 teacher contract proposal to VEA, which would cost the district $57.7 million. The $5.3 million shortfall would require budget-cutting and spending from the district’s financial reserve, or ending fund balance.