Establishes valuation and reporting mechanisms for school district liabilities related to accumulated unused leave.
The bill mandates that school districts calculate and report the total value of accrued liabilities for compensated absences of district employees in their annual audits. It requires the Commissioner of Education to examine a school district's level of liabilities for compensated absences and whether the district is prepared for the fiscal impact of future payments.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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