Board of Education Tentatively Adopts Fiscal Year 2024 Operating Budget

February 23, 2023

The Board of Education, by unanimous vote, approved a $3.2 billion Operating Budget recommendation for FY 2024. The request includes a $296 million increase – 10%-- over the current budget and $272 million above the minimum amount required by the maintenance of effort law. 

The budget reflects amendments based on BOE feedback to provide focused investments to improve literacy and math across the district. This includes the addition of supervisors, instructional staff and coaches to increase math and literacy support, oversight and progress monitoring for schools, and increased professional development opportunities for staff. The budget also prioritizes salary increases to support recruitment and retention and the addition of security assistants to promote a safe and inclusive school climate. 

The Board’s budget request will be submitted to the Montgomery County Executive and the County Council. The County Executive is expected to release his FY 2024 Operating Budget recommendation by March 15. The Montgomery County Council will hold public hearings on the county budget in April before passing a final budget in May. The Board will vote again in June for final adoption of the budget.

Read the adopted resolution for more details

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