VOUCHERS: A proposal to create a new private school voucher program to supplement the existing tax-credit scholarship program for low income students passes its first committee in the Florida House. The measure, more expansive than the Senate’s version, would increase the income eligibility over time, so more middle class families could participate. More from the Orlando Sentinel, News Service of Florida. BONUS PAY: Non-classroom teachers in Pasco County won’t be getting a bonus they received last year when their district provided an amount equal to a Best and Brightest award, even though they weren’t eligible for the state program. • The Lee County school district loses $200,000 in Best and Brightest funding because of a paperwork error, the Fort Myers News-Press reports. SALES TAX FUNDS: Hillsborough County schools begin to see progress on repair projects paid for by the district’s new sales tax. An oversight committee plans to discuss how charter … [Read more...] about Florida education news: Vouchers, bonus pay, tax revenue and more
Taxing bonus pay
Colleen Slevin and Carolyn Thompson The Associated Press Published 4:35 PM EST Feb 15, 2019 DENVER — Denver teachers went on strike to improve their pay, but the fight wasn't that simple. Emboldened by teacher activism nationwide and struggling to live in a rapidly growing city, Denver educators challenged one of the nation's oldest incentive pay systems, which was originally endorsed by the teachers union and education reform advocates. The system known as Professional Compensation, or ProComp, allows teachers to add on to their base salary by earning bonuses of up to $3,000 a year for working in a hard-to-staff position or high poverty school or if their schools improve. Administrators and teachers on Thursday reached a tentative deal for better pay that ended a three-day walkout. But the union compromised on a $3,000 bonus for teachers who work in the district's most challenging schools that it said wasn't helping keep educators in those schools. Both sides agreed to … [Read more...] about Denver teacher strike revealed U.S. divide over bonus pay
Colleen Slevin and Carolyn Thompson, Associated Press Updated 10:26 pm CST, Wednesday, February 13, 2019 An instructor carries a placard as she marches to Denver Public Schools headquarters to deliver Valentine Day cards Wednesday, Feb. 13, 2019, in Denver. Teachers walked off their jobs Monday, the first strike by teachers in Denver in 25 years. less An instructor carries a placard as she marches to Denver Public Schools headquarters to deliver Valentine Day cards Wednesday, Feb. 13, 2019, in Denver. Teachers walked off their jobs Monday, the first strike ... more Photo: David Zalubowski, AP Photo: David Zalubowski, AP Image 1 of / 4 Caption Close Image 1 of 4 An instructor carries a placard as she marches to Denver Public Schools headquarters to deliver Valentine Day cards … [Read more...] about Denver teacher strike reveals US divide over bonus pay
Sylvie Corbet and Angela Charlton, Associated Press Updated 3:20 pm PST, Monday, December 10, 2018 TV screens show French President Emmanuel during a televised address to the nation, at an electrical appliance store in Marseille, southern France, Monday, Dec. 10, 2018. President Emmanuel Macron has acknowledged he's partially responsible for the anger that has fueled weeks of protests in France, an unusual admission for the leader elected last year. less TV screens show French President Emmanuel during a televised address to the nation, at an electrical appliance store in Marseille, southern France, Monday, Dec. 10, 2018. President Emmanuel Macron has ... more Photo: Claude Paris, AP Photo: Claude Paris, AP Image 1 of / 10 Caption Close Image 1 of 10 TV screens show French … [Read more...] about Macron vows tax cuts, pay rise; will France’s anger subside?
When President Donald Trump signed the tax bill in December, it was clear that some of America's highest-earning college presidents would get whacked. The law includes a 21% excise tax for employees of nonprofits who make $1 million a year or more. Now it's clearer who that might be. Twelve men and women who headed public universities in fiscal 2017, including Michael Drake of Ohio State University, had compensation of at least $1 million, according to the latest annual study by the Chronicle of Higher Education. The tax, which grew out of a broader backlash against high-paid executives at nonprofits, including hospitals and other institutions, takes effect this year, along with one on college endowments that affects about 30 schools. Unless their schools take the hit for them, those who continue in their jobs at the same or greater compensation will be subject to the 21% bite in addition to their regular income tax. Compensation includes base and bonus pay, nontaxable benefits, … [Read more...] about Public-college presidents face 21% surtax on $1 million pay