Authorizing school districts to use revenues from the district management levy for teacher recruitment and retention incentives

This bill authorizes school districts to use revenues from the district management levy for teacher recruitment and retention incentives.46 authorizes the board of directors of a school district to adopt a program for early retirement benefits to encourage its employees to retire before the normal retirement date.46 to also authorize the board of directors to adopt a program for teacher recruitment incentives to recruit new teachers and a program for teacher retention incentives to retain current teachers. The bill requires the board of directors to discuss the adoption of the program for early retirement benefits or the program for teacher recruitment or retention incentives, if applicable, at a regular or special meeting prior to adopting the program and allow for public comment.15. Additionally, the bill prohibits the board of directors from paying a teacher recruitment or retention incentive in more than five school budget years. The bill also prohibits the board of directors from adopting the program for early retirement benefits concurrently with the program for teacher recruitment or retention incentives. In addition, the bill prohibits the board of directors from adopting either the program for early retirement benefits or the program for teacher recruitment or retention incentives within five years after adopting the other program. The bill authorizes the board of directors to expend the district management levy to pay the costs of either the program for early retirement benefits or the program for teacher recruitment or retention incentives. The bill prohibits the board of directors from expending the district management levy on the costs of early retirement benefits in the same fiscal year as the costs of teacher recruitment or retention incentives.