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5 <br /> Slide#7 <br /> Education State Budget Changes <br /> • Education — page 159 <br /> • Leadership in the General Assembly announced an agreement on high points of a State budget <br /> — 8%average wage increase for teachers (front-loaded for newer teachers); not retroactive <br /> — 3%for other employees; not retroactive <br /> — Bonuses for all in FY2025-26; bonuses for teachers in FY2026-27 <br /> • 8% raise covers both FY2025-26 and FY2026-27 <br /> — Current Expense increase provided to districts in FY2025-26 (3%)counts toward funding the wage increase in <br /> addition to the 2.5% Current Expense increase in the Manager's Recommended Budget <br /> ORANGE COUNTY <br /> 7 NORTH C;AROLINA <br /> Slide#8 <br /> Education State Budget Changes <br /> • Education — page 159 <br /> • Districts estimate that continuation budgets would need to increase from 4% as presented in <br /> Joint Meeting to roughly 5.5%to fully account for the 8% average wage increase <br /> Change in Per <br /> Manager's 2.5%$ 114,114,132 5.0%$ - <br /> Recommended <br /> 3.0%$ 114,667,851 5.5%$ 553,719 <br /> 3.5%$ 115,224,491 6.0%$ 1,110,359 <br /> Continuation Request 4.0%$ 116,781,131 6.5%$ 1,666,999 <br /> 4.5%$ 116,337,771 7.0%$ 2,223,639 <br /> Continuation Increase 5.0%$ 116,894,412 7.6%$ 2,780,280 <br /> to Fully Account for <br /> Proposed Raises ~ 5.5%$ 117,451,052 8.1%$ 3,336,920 <br /> from State <br /> 8 ORANGE <br /> COOUNA Y <br />