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Board hears budget ‘foundations’: county funding formula, charter growth and a nearly $3 million fund‑balance gap
Summary
District finance staff outlined the fiscal 2025–26 planning framework, warning that under current local funding formulas Moore County Schools faces a projected funding gap that would require drawing further on fund balance unless county appropriation or other revenue rises
Moore County Schools staff told the board Feb. 3 that building the fiscal 2025–26 budget will begin from a “continuation” baseline but that fixed cost increases, charter school growth and the county appropriation formula together create a budget shortfall that staff estimate will require additional use of fund balance.
Tina Edmonds, assistant superintendent for budget and finance, presented scenarios that include assumed state salary increases (2–4 percent), an employer health insurance contribution rise of approximately $300 per person, and retirement rate increases. The district modeled three scenarios. Under the midline scenario (3 percent state salary increase and a conservative 3 percent increase in…
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