An Order to appropriate $310396.12 from Free Cash to Amesbury Public Schools to cover the cost of the FY2024 Amesbury Teachers Association contract settlements for the three units included in their collective bargaining agreement.

This ordinance authorizes the transfer of $310,396.12 from Free Cash to the Amesbury Public Schools to fund the FY2024 contract settlements for the three units covered by the Amesbury Teachers Association. The district had budgeted $519,088 for Reserve for Negotiations while negotiating a new three-year contract; the approved settlements exceeded this amount. The additional costs include a 2.75% COLA (split 2.5%/0.25%), paraprofessional contract changes, extra-curricular position increases, and related adjustments, totaling $310,396.12. The funds will satisfy the contract settlements for the three units.