Pinellas teachers' salaries drop $88 annually due to tax revenue drop
LARGO -- Eighty-eight dollars may not seem like a lot to some. To others, it's huge -- a week of groceries for two, a night out plus babysitter costs, a couple tanks of gas for a fuel-efficient car.
Pinellas teachers next year are likely to realize an $88 across-the-board salary reduction due to a shortfall in voter-approved referendum dollars, district finance officials told union representatives Tuesday.
The impact means the starting salary for a first-year teacher with a bachelor's degree probably will drop from $37,013 to $36,925, once everything is said and done.
That's a smaller decrease than last year, district chief financial officer Fred Matz told members of the bargaining leadership team, and it's also less than the first projected shortfall of 5 percent:
Actual tax rolls showed a final decrease of 4.32 percent in revenues in fiscal 2012 compared with fiscal 2011, Matz said. And, in 2010-11, teachers saw their income reduced by $167.