On Monday morning the Revenue Estimating Conference (REC) will meet to review and revise the Official Revenue Forecast for FY22 and FY23 as well as recognize FY21 year-end balances. It is widely expected that the REC will recognize additional revenue. The question is, how will the legislature choose to spend this additional revenue.
LFT has long advocated that some of these additional monies should go towards teacher and school employee pay raises. We have asked legislators to boost the pay raise from $1,500 for certified staff and $750 for classified personnel to $2,500/$1,250 as a minimum. In truth, teachers and school employees deserve even more and as neighboring states continue to boost pay for their educators, Louisiana falls further behind. Next week, legislators will know how much additional revenue they have to work with and the horse-trading will begin.