2020-21 Budget: PCPS Will Pay $9 Million More in FRS Contributions, Bracing for Harder Days Ahead
Last updated 7/8/2020 at 9:50am
Gov. Ron DeSantis' recently signed budget includes a multimillion-dollar hit to Polk County Public Schools - and district administrators caution the fiscal future could be even more dire.
"The coronavirus pandemic has inflicted unprecedented damage to our state's economy. We are moving forward cautiously, knowing that later this year, or next, we could face major cuts," said Superintendent Jacqueline Byrd.
PCPS will have to pay an additional $9 million this year in required contributions to the Florida Retirement System.
A recent statewide study determined the FRS needs more funding. In res...