New Your State School Boards Association

NYSSBA statement on estimated 2017-18 TRS employer contribution rate


FOR RELEASE: February 1, 2017

CONTACT: David Albert
(518) 783-3716 or (518) 320-2221 cell
@nyschoolboards

   

The 2017-18 TRS employer contribution rate of 9.8 percent marks the third straight year the rate has gone down. Considering that employee salaries make up the largest single portion of school district spending, even small decreases in the rate can add up to significant savings. That said, with the property tax cap below 2 percent again this year, lower wealth school districts will likely still struggle to craft 2017-18 budgets that provide needed programs and services to students without a sufficient state aid increase.

 

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