Bill > SB219

This bill establishes the Educational Compensation Fund as a special fund in the state treasury, dedicated to providing supplemental payments to public elementary and secondary school employees. Specifically, the bill directs the state treasurer to allocate tax revenues from certain sources to the fund, which will provide a $2,000 supplemental payment to certificated personnel (like teachers) and a $1,000 supplemental payment to noncertificated personnel (such as support staff) working in public schools. These payments will be distributed by each school district no later than December 15 of each year and will include associated employer retirement contributions. The bill ensures that these funds cannot be subject to budget reductions by the governor and that any unused funds at the end of a fiscal year will remain in the fund for future use. The legislation is set to take effect on July 1, 2025, and is designed to provide additional compensation to school employees beyond their standard salary.

Budget and Finance

https://www.legis.la.gov/legis/BillInfo.aspx?s=25rs&b=SB219&sbi=y