The Indianola Community School District will be offering early retirement for qualifying teachers, with the process starting this year. Superintendent Art Sathoff tells KNIA News the district is growing, but a dip in enrollment for next year limits the amount of state aid the district will receive.
“We’ll get about $240,000 of new money next year, which will not cover the increased cost of doing business. So rather than trying to make a bunch of cuts or take steps backward on what we are already doing, we elected to look for some savings through early retirement. We pay that out of the management fund, but then we’ll have the benefits from the general fund through decreased salary and benefit costs next year.”
For more information on the early retirement proposal, tune in to today’s Let’s Talk Indianola.