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Cabarrus schools present $536 million draft budget; district to seek county help if state pay raises exceed 3%
Summary
District finance staff presented a $536 million initial budget for 2025–26 and warned the board that if the state raises for employees exceed the 3% assumed in the draft, the district will likely ask the county for a special appropriation to cover local‑funded salary increases.
Cabarrus County Schools finance staff presented the board on Oct. 6 with an initial $536 million budget for fiscal 2025–26 and told members they are monitoring several uncertainties — chiefly the state budget and possible higher salary commitments — that could require county assistance.
Chief Financial Officer Phil Penn summarized key elements of the proposed budget and the principal risks: state funding arrives “in arrears” and is based on prior year enrollment, federal ESSER pandemic monies have declined, and a recent classified‑salary study has raised recurring personnel costs. “The only thing to…
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