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Winston Salem / Forsyth County Schools outlines debt-repayment plan as private fundraising grows
Summary
Interim Superintendent Cady Moore told the board the district overspent by about $45.5 million in 2024–25 and is using a mix of repurposed county capital funds, private donations and budgeted repayments to reduce outstanding vendor debt beginning in December.
Interim Superintendent Cady Moore told the Winston Salem / Forsyth County Schools Board of Education on Nov. 10 that the district overspent its 2024–25 budget by about $45.5 million and reported a June 30, 2025 vendor debt near $33.5 million after applying $13.5 million in fund balance. "We spent beyond our available funds by about 45 and a half million dollars," Moore said, identifying staffing and unanticipated recurring expenses as the primary causes.
Moore outlined a multi-part plan to address vendor debt: use of repurposed county capital funds with Forsyth County approval to make initial vendor payments, private donations raised through a foundation-led campaign, and $3.5 million set aside in the FY2026 budget for debt repayment…
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