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Spartanburg School District 1 adopts $68,567,589 FY2627 budget, approves capital plan
Summary
The Spartanburg School District 1 board unanimously approved the FY2627 operational budget of $68,567,589 — including a 4% salary increase for staff — and adopted the FY2627 capital improvement plan; the board also noted a separate one-mill teacher-equalization increment.
The Spartanburg School District 1 Board of Trustees unanimously approved the third and final reading of the FY2627 operational budget, adopting a plan with estimated revenues and expenditures of $68,567,589 and a 4% salary increase for all staff.
"The FY2627 operational budget proposes total revenues and expenditures of 68,567,589. This represents a 3.6% increase over the prior year and accounts for a 4% salary increase for all staff," finance director Miss Lacy Brady told the board. The board approved the budget with no operating millage increase; Brady clarified there will be a separate one-mill teacher equalization increment that is not part of the operating millage.
Board members voted to approve the capital improvement plan for FY2627 at third reading. Capital items noted during the presentation included replacements for original cafeteria and office furniture at several high schools, upgrades to the Landram Middle School gym sound system and added furniture for an early-childhood self-contained classroom at Holly Springs. Mr. Jason McCra said the administration prioritizes safety- and mechanically related projects and described the capital cost estimates as preliminary.
On financing, Brady said the district closed a $75 million bond anticipation note and plans to place proceeds in a local government investment pool to accrue interest for referendum projects; necessary administrative approvals will be coordinated with the board chair and secretary.
All motions on the budget and capital plan were carried unanimously.
What happens next: administration said a fall resolution will be brought to the board to authorize the fall 2026 bond program (routine annual action) and that procurement and scheduling will determine timing of specific capital projects.
