Pay Increases, Savings for a New School Highlight School District's Budget

May 29, 2018

Salary and benefit increases will raise expenses for Columbia Public Schools in the coming year, but the district still plans to sock away money to help fund a new school.

The district expects its revenue will grow from $219.2 million in the fiscal year ending June 30 to $225.3 million in the 2018-2019 fiscal year. Expenses will go from $210.2 million this year to $221.8 million next year. The district expects to capture nearly $9 million in excess revenue this year that will go toward new schools. Next year, the district projects banking $3.5 million.

“The district has made a commitment, with the support of the community, to improve employee salaries to help recruit and retain high-quality employees,” said Columbia Public School spokesperson Michelle Baumstark.

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