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Superintendent Recommends $3.2 Billion Operating Budget
Fiscal Year 2024 Operating Budget Recommendation Seeks 8% Increase
Strengthens the District's Focus on Academic Excellence by Making Key Investments in Early Childhood Learning, Dual-Language Learning, Reacting to Increasing Costs of Goods and Services, and Competitive Salaries for Staff to Support Recruitment and Retention
Montgomery County Public Schools (MCPS) Superintendent Dr. Monifa B. McKnight has recommended a $3.15 billion Operating Budget for Fiscal Year 2024. It continues the district's focus on preparing all students to thrive in their futures. The funding provides a high-quality education for growing student enrollment, for continuing recovery from lost learning time due to the pandemic, for new research-based innovative approaches for teaching and learning, for competitive salaries for staff, and for increased costs of goods and services.
Released Monday, Dec. 19, Dr. McKnight's budget recommendation represents a $235.4 million increase—8%—over the current budget (FY 2023) and $267 million above the minimum amount required by the maintenance of effort law. The recommended increase includes more than $40 million realized in savings.
The investments outlined in this recommended operating budget will reflect the continuing work of the Antiracist Audit, which aims to serve the needs of all students no matter their race, background or socio-economic status.
"I urge the Board of Education to carefully consider my recommendation and work with county leaders to pass a budget that will provide our students today, and in the future, with the skills, knowledge, and critical wraparound supports they need to be successful," Dr. McKnight said.
Effect of Student Enrollment
Following two years of student enrollment decline, the MCPS unofficial enrollment for Sept. 30, 2022, will reflect an increase of more than 2,000 students attending MCPS, totaling 160,554. MCPS projects another increase of nearly 2,000 students for the 2023-2024 school year. This growth will require an extra 238 full-time positions costing $14.9 million.
Investment Highlights from the Recommended FY 2024 Operating Budget
The Montgomery County Board of Education will hold public hearings on the budget on Wednesday, Jan. 11, and Tuesday, Jan. 17. The Board also will hold three budget work sessions on Thursday, Jan. 12, Wednesday, Jan. 18, and Tuesday, Jan. 24, before tentatively approving an operating budget on Feb. 7, 2023.
After the Board of Education approves an operating budget for FY 2024, it will be sent to the Montgomery County Executive and County Council for consideration. The County Council will approve its final FY 2024 Operating Budget on May 25, 2023.
It is essential to keep in mind that this budget represents a recommendation offered during a snapshot in time. Given the uncertainties in final revenue from the county and state government, adjustments will likely be made before the Board of Education adopts a final FY 2024 Operating Budget on June 6, 2023.
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