Memo Text
For the 2023-24 school
year, 230 school districts have been identified by DESE as having an average
annual teacher salary below the statewide target average annual salary of
$51,822 and are eligible for Teacher Salary Equalization funding. The
calculation uses each school district’s annual average non-federal classroom
teacher salary as reported on the 2021-22 Annual Statistical Report and
described in lines 83-84. National Board-Certified Bonuses are subtracted from
the reported average in determining eligibility. Funding for eligible districts
is $185 multiplied by the prior year ADM of the district. Please note that
districts above the target salary that qualified for TSEF in a previous year
will continue to receive TSEF equal to the amount received in the previous
year.
Attached is a list of
school districts that are eligible for Teacher Salary Equalization funds in 2023-24.
Please note that the amounts in column labeled “2023-24 TSEF Allocation” are
based on the 2022-23 three-quarter average ADM as reported in Cycle 6. Any
Cycle 7 corrections to ADM within the first three quarters of 2022-23 may
change a district’s 2023-24 allocation. Additionally, qualifying current-year
funded open-enrollment charter schools in 2023-24 will receive Teacher Salary
Equalization funds based on their 2023-24 three-quarter average ADM.
Teacher Salary
Equalization funding shall be expended only for teacher salaries and
benefits. For further guidance, please see Commissioner's Memo FIN-21-048.
As a reminder
disbursement of Teacher Salary Equalization funding is done monthly. The exact
amount a district receives for Teacher Salary Equalization must be transferred
to the teacher salary fund with accounts 69314 and 52204. The journal entry
required to make this transfer from fund 2001 to fund 1000 is as follows:
DR
2001520000000000 69314
CR
2001
01010 (CASH)
DR
1000
01010 (CASH)
CR
1000
52204