Makes the first step of the salary schedule for school psychologists, school speech pathologists licensed as such at the master's degree level or higher, and school audiologists who are licensed as audio pathologists at the master's degree level or higher equivalent to Step 5 of the "A" Teacher salary schedule for the 2015-17 fiscal biennium. Provides these employees a salary supplement each month of 10% of their monthly salary. Provides that these employees are eligible to receive salary supplements equivalent to those of teachers for academic preparation at the six-year or doctoral degree level.

Provides that beginning with the 2015-16 fiscal year, the 26th step of the salary schedule for school psychologists, school speech pathologists, and school audiologists meeting the academic preparation levels and licensing requirements as described in this act, will be 7.5% higher than the salary received by these same employees on the 25th step of the salary schedule.

Effective July 1, 2015.