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District officials present proposed consolidated budget, forecast and capital project request to county
Summary
The district presented a proposed FY26 consolidated budget with a 2% cost-of-living adjustment, a $50,000 starting teacher salary and a $10.825 million county capital request; officials also reviewed FY25 federal and state budget amendments.
Jeff Taylor, chief financial officer for the Montgomery County School System, presented the district’s proposed consolidated budget and several FY25 budget amendments to the board.
Taylor said the proposed FY26 budget includes a 2% cost-of-living adjustment for employees (down from a previously considered 2.5%) and raises the starting teacher salary to $50,000 to meet state requirements and local competition. He said the 2% COLA carries a cost of about $7.2 million and the step increases for eligible employees are estimated at about $5.56 million. Taylor said an 8% increase in medical premiums added approximately $3.3 million to projected personnel costs, and new and changed positions are…
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