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MCPS officials outline $723 million in Category 12 expenses, warn of near-term benefit plan deficits
Summary
Montgomery County Public Schools staff told the Fiscal Management Committee that Category 12 (employee benefits and fixed charges) totals roughly $723 million, with an expected $70–$80 million employee benefit plan deficit this fiscal year and planned budget investments to reduce that shortfall over the next two years.
Montgomery County Public Schools Chief Financial Officer Yvonne Alfonso Windsor told the Fiscal Management Committee on March 20 that Category 12 — the district's fixed charges and employee benefits line — totals about $723,000,000 of the system's budget.
Alfonso Windsor said Category 12 covers pensions, employee health benefits, Social Security charges, workers compensation, insurance and tuition reimbursement, and emphasized that benefits sit across the entire budget rather than in a single school line item.
The presentation noted the MCPS local pension funding goal is a 90% funded ratio; the plan is currently between about 80% and 85%. Alfonso Windsor said actuaries project a temporary reduction in MCPS…
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