Thursday, July 12, 2012

School Budget - Benefits

Wasatch County schools provide very well for their employees.   Let's consider benefits, particularly, "Health."    Employees, (unknown if it is for all or just certain groups or perhaps just teachers according to a board member) pay nothing for Health, Dental and Life.  
The Bureau of Labor Statistics reports:
     * State and local government employers paid a greater share of medical premiums than private 
       industry employers.  For single coverage, 87 percent of the total premium was assumed by 
       employers in state and local governments, compared with 79 percent in private industry. For 
       family premiums, the corresponding figures were 71 and 68 percent, respectively. 
At the risk of comparing apples and oranges, if school employees were asked to pay their "fair share," 
taxpayers could save $537,356; going to the draconian 79% paid would give a taxpayers a bonus of 
$868,000.        (Note these figures and the chart below are based on select groups in the budget, the total 
of ALL salaries is $22,566,321 with total of $11,950,012 in benefits (53%), but were not broken down 
further so the taxpayer benefit would be even MORE)
 

Totals
FY 2011 FY 2012 2011/12 FY 2013 2012/13
Salaries 100.00% $16,723,542 $17,240,317 3.1% $17,295,742 0.3%
Retirement 17.6% $2,946,093 $3,249,385 10.3% $3,748,401 15.4%
Social Security 7.6% $1,276,229 $1,313,793 2.9% $1,330,722 1.3%
Insurance (Health/Dental/Life) 24.2% $4,044,325 $4,139,520 2.4% $4,133,506 -0.1%
Other Benefits
0 0
0
Total Benefits (200) 49.4% $8,266,647 $8,702,698 5.3% $9,212,629 5.9%

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