How much money will be saved with a furlough?
Our district has calculated a savings of nearly $715,000 per furlough day. By implementing 12 furlough days through June 30, 2011, the district expects to save nearly $8.6 million, negating the need for even deeper program reductions. Keep in mind that these totals are derived from adjusting the compensation for all employees, including certificated, classified and administrative staff members. To read an Orange County Department of Education memo on furloughs and their potential impact on retirement benefits, click here.
Our district has calculated a savings of nearly $715,000 per furlough day. By implementing 12 furlough days through June 30, 2011, the district expected to save nearly $8.6 million, negating the need for even deeper program reductions. Keep in mind that these totals are derived from adjusting the compensation for all employees, including certificated, classified and administrative staff members. To read an Orange County Department of Education memo on furloughs and their potential impact on retirement benefits, click here.
