MCBOE Approves New Budget
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The Montgomery County Board of Education unanimously passed the budget for the 20242025 school year during a called meeting on Tuesday, August 13.
The Board previously advertised its proposed budget for several weeks, and held two budget hearings on August 9 and August 13. No members of the public commented on this proposal.
According to the new budget, the Board expects there will be $672,129.25 more in expenses than revenue coming into the school system, causing the school to utilize money from the $6 million General Fund to help pay for the school year. This year’s estimated revenues total $17,255,523,00, whereas revenues totaled $17,269,167.44 last year.
The difference in these revenues is slight, as most of the school’s funding remains the same; the school will receive the same amount of ad valorem taxes ($3,490,000) and Special Local Option Sales Tax (SPLOST) as last year. There were also increases in revenue in several areas, as the Little Eagle Learning Center is expected to bring in $25,842 more; the school is expected to receive $177,000 more in local funding; the state Quality Basic Education funding is expected to increase by $1,106,303; and an additional $25,765 is expected for the pre-k lottery funding. A $847,525 decrease is also expected in federal sources of funding.
A large increase in expenditures is also anticipated this year, as the total projected amount to be spent is $17,927,652.25; expenditures totaled $17,269,167.44 last year. This increase of expenditures comes from multiple increases in several areas, including: An increase of $287,136 for improvement of instructional services An increase of $125,453 for general administration costs An increase of $1,037 for business support services An increase of $201,817 for maintenance and operations costs An increase of $71,626 for student services costs An increase of $51,607 for transfers An additional budget item, noted as “Support Services – Other” was also added to the list of school expenditures, and totals $247,906.
Several decreases were also listed in the expenditures, including: A decrease of $71,585 for pupil services A decrease of $11,276 for school administration A decrease of $376,519 for student transportation A decrease of $20,911 for school nutrition A decrease of $20,000 for debt services Since its approval, the budget will now be used to fund the school’s expenses throughout the rest of the school year.
