Section 119.40 - Salary schedules(1)(a) Annually, the board shall establish a schedule of salaries for all classroom teachers, not including principals and vice principals, in the schools of the city.(b) Annually, the board may establish one or more schedules of salaries for all its employees not covered under par. (a).(2) All schedules of salaries annually fixed by the board shall be adopted for the same period and on the same year basis as the annual school budget is adopted by the board.