An Early Retirement Plan was approved last night for the Burlington School District.
Superintendent Jane Evans says every so often when enrollment is down, they do this to save a little money. So what does this mean for taxpayers?
“There will be an effect on our tax levy. If everyone who is eligible to do this, up to the amount that we put a limit on of $400,000, that would bring about a 23-cent increase in the tax levy.”
To qualify for the early retirement program, a teacher must be at least 55 years old and have at least 10 consecutive years of service.