Establishes a monthly teacher salary schedule based on years of experience for licensed personnel of public schools who are classified as teachers for the 2016-17 fiscal year.  Provides that the monthly salary schedule begins at 0-4 years of experience and goes up to over 25 years of experience, with class "A" teachers' monthly salary schedule ranging from $3,588 up to $5,125.  

Establishes that salary supplements for teachers paid on this schedule, as specified, are available to the following classifications: licensed teachers who have NBPTS certification, licensed teachers who are classified as "M" teachers, licensed teachers with licensure based on academic preparation at the six-year degree level, licensed teachers with licensure based on academic preparation at the doctoral degree level, and certified nurses.

Provides that the first step of the salary schedule for school psychologists, school speech pathologists who are licensed as speech pathologists at the master's degree level or higher, and school audiologists who are licensed as audiologists at the master's degree level or higher, are equivalent to Step 5 of the "A" salary schedule and are to receive a salary supplement each month of 10% of their monthly salary and are eligible to receive salary supplements equivalent to those of teachers for academic preparation at the six-year degree level or the doctoral degree level.

Provides that the twenty-sixth step of the salary schedule for school psychologists, school speech pathologists who are licensed as speech pathologists at the master's degree level or higher, and school audiologists who are licensed as audiologists at the master's degree level or higher is 7.5% higher than the salary received by these same employees on the twenty-fifth step of the salary schedule.

Directs that instead of providing annual longevity payments to teachers paid on the teacher salary schedule, the amounts of those longevity payments are included in the monthly amounts under the teacher salary schedule, beginning with the 2014-15 fiscal year.

Provides that a teacher compensated in accordance with the salary schedule for the 2016-17 school year will receive an amount equal to the greater of the following: (1) the applicable amount on the salary schedule; (2) for teachers who were eligible for longevity for the 2013-14 school year, the sum of the teacher's salary provided in Section 35.11 of SL 2013-360; the longevity that the teacher would have received under the longevity system in effect for the 2013-14 school year provided in Section 35.11 of SL 2013-360, based on the teacher's current years of service; and the annual bonus provided in Section 9.1(e) of SL 2014-100; or (3) for teachers who were not eligible for longevity for the 2013-14 school year, the sum of the teacher's salary and annual bonus provided in Section 9.1 of SL 2014-100.

Establishes that the term "teacher" is to include instructional support personnel.

Appropriates $129,705,074 in recurring funds for the 2016-17 fiscal year from the General Fund to the Department of Public Instruction to implement the provisions for teachers and instructional support personnel employed by schools administered by local administrative units, charter schools, and schools operated by state agencies.  Provides that it is the intent of the General Assembly to appropriate an additional $129,705,074 in recurring funds for the 2017-18 fiscal year, an additional $129,705,074 in recurring funds for the 2018-19 fiscal year, and an additional $129,705,074 in recurring funds for the 2019-20 fiscal year to provide balanced salary increases for teachers and instructional support personnel employed by schools administered by local administrative units, charter schools, and schools operated by state agencies over the next four years.

Effective July 1, 2016.