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39 <br /> 1 Jonathon Scott noted the difficulty of planning without a state budget. He acknowledged that we <br /> 2 are now in April of the first of two budget years in the state of North Carolina, where we were supposed <br /> 3 to have a biannual budget and we still do not have a budget from the General Assembly. He said he has <br /> 4 been doing this work a long time and it is very difficult to plan for the following year when there isn't a <br /> 5 budget at this point in the year. <br /> 6 <br /> 7 Slide#25 <br /> Key Continuation Drivers and Cost Pressures <br /> DescriptionBudget Driver <br /> included in FY27 estimates <br /> Salaries and Supplement 4%Increase calculated across the board 4.00% <br /> Social Security Matching (FICA) Expected to remain at 7.65%,but cost 4.00% <br /> increases 4%for salary increases <br /> 5-year regression analysis projects an <br /> State Retirement Matching increase to 25.15%,up 1.96%from the current 6.04% <br /> rate of 24.67%.Also needs to account for the <br /> 4%salary increase <br /> Employer Portion of State Health 5-year regression analysis projects an 3.67% <br /> Insurance Premiums increase to$8,812,up from$8,500. <br /> Non-Salary Budget Items 4%Inflationary adjustment included for non- 4.00% <br /> salary items <br /> C­pclHill-Coir—CityS­o ,i c-csoir5 THINK (AND ACT) <br /> 8 <br /> 9 Jonathon Scott presented the continuation budget, noting the district is planning for a 4% salary <br /> 10 increase, a 6% increase in state retirement, and approximately a 3.7% increase in health insurance. He <br /> 11 included a 4%inflationary adjustment for all non-personnel expenditures,which represents about 15%of <br /> 12 the local budget. <br /> 13 <br /> 14 <br />