2% Cost of Living Increase
In the 2011 legislative session, the legislature cut $14 million from the GCISD budget. In 2013, $1.6 million of the previously cut funds were returned to GCISD. Therefore, in the July 2013 GCISD Board of Trustees meeting, a 2% cost of living adjustment for all GCISD employees was approved. A 2% increase to GCISD’s payroll costs is approximately $1.6 million, meaning GCISD passed all of its additional state funding to its employees.
One-Time Payment
During the November 2013 GCISD Board of Trustees meeting, a one-time lump-sum payment of compensation to employees was passed. This was made possible as a result of the above mentioned $1.6 million returned to GCISD, as well as all employees’ continued careful management of expenditures over the past several years. The 2012-2013 annual financial audit reported that GCISD’s expenditures came in at 96% of what was budgeted.
Full-time employees employed prior to March 1, 2013 received a payment of 1% of their gross-base pay, or $500, whichever was greater. Part-time employees employed prior to March 1, 2013 received 1% of their gross-base pay. Payments were made in the November payroll.