Establishes valuation and reporting mechanisms for school district liabilities related to accumulated unused leave.
Requires school districts to calculate and report the total value of accrued liabilities for compensated absences of district employees in their annual audits. The bill mandates 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 making future payments. It also requires collective bargaining agreements to include a clear statement of the district’s obligations to make payments related to liabilities for compensated absences and an analysis of the fiscal impact.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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