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Burke County board approves 7% COLA for all staff for 2025-26 school year
Summary
At its April 4 meeting the Burke County Board of Education voted to grant a 7% cost-of-living adjustment for all staff in the 2025-26 school year after hearing financial context from system staff and brief discussion among board members.
At its April 4 meeting the Burke County Board of Education voted to approve a 7% cost-of-living adjustment (COLA) for all school system employees for the 2025-26 school year, the board announced by show of hands after a motion and second.
The board heard a financial presentation from Mrs. Marchman, who told trustees the district has collected $69,561,576 in revenues through March 2025 and held $239,973,487.35 in investments as of March 31, 2025. Mrs. Marchman said the district’s end-of-period general fund equity was $250,622,067 and that interest earnings since July 1, 2022, total $23,274,811.82, with $7,816,282.53 earned in the current fiscal year. She also…
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