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Spartanburg District 1 projects roughly $1.2 million shortfall as state funding formula and new mandates squeeze budget
Summary
Finance director Lacey Brady told the school board the proposed FY2025–26 budget shows about a $1.2 million gap driven largely by state funding allocation problems, mandated teacher-pay increases and potential new employer costs for insurance and paid parental leave.
Spartanburg County School District 1 finance director Lacey Brady said the district’s proposed budget for fiscal 2025–26 projects roughly $1.2 million in expenditures above projected revenues, and she warned additional state mandates could widen the gap.
Brady told the board the budget assumptions reflect the House Ways and Means proposal that added $112 million statewide to help fund a $1,500 teacher pay increase but — as presented to the district — most of that new money was routed to charter schools rather than traditional public districts. "As of now, we're only getting 19% of that statewide," Dr. Smith told the board during the discussion, repeating figures he said SCASA and other superintendents were seeing.
Why it matters: the district's revenue projection for FY2025–26 is just under $66 million while proposed expenditures top $67 million. Brady said the $1,500 teacher increase with benefits will cost the district a little…
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