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Lexington 03 presents $29.8 million proposed budget; administration recommends no millage increase
Summary
District staff presented a first reading of a proposed $29.8 million operating budget that includes a 2% minimum pay adjustment, a new teacher starting salary of $47,500, and a projected $2.3 million use of fund balance; administration recommended a 0-mill tax increase.
At the May 14 meeting the Lexington County School District 3 administration presented a first reading of next year’s proposed operating budget and highlighted key figures and policy choices.
Ms. Bridal gave the budget overview, saying the district’s original baseline was about $28,000,000 and that the administration’s recommended revenue and expenditure plan totals $29,800,000. She said roughly 85% of the proposed…
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