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40 <br /> Slide#24 <br /> Continuation Budget <br /> Jonathon Scott noted the difficulty of planning without a state budget. He acknowledged that <br /> we are now in April of the first of two budget years in the state of North Carolina, where we were <br /> supposed to have a biannual budget and we still do not have a budget from the General Assembly. He <br /> said he has been doing this work a long time and it is very difficult to plan for the following year when <br /> there isn't a budget at this point in the year. <br /> Slide#25 <br /> Key Continuation Drivers and Cost Pressures <br /> Budget Driver Description Percentage increase <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- 4.0017o <br /> salary items <br /> Chapel Hill-Carrboro City Schools I chccs.org THINK (AND ACT) <br /> Jonathon Scott presented the continuation budget, noting the district is planning for a 4%salary <br /> increase, a 6% increase in state retirement, and approximately a 3.7% increase in health insurance. He <br />