Wake County Public Schools Superintendent Jim Merrill on Tuesday asked county commissioners for a hefty funding hike for the budget year that starts July 1, citing the need to build schools and to support teachers, staff, magnet school programs, and equity efforts. Information on the additional $56 million, as well as this year’s budget, is available at the school system’s website and was presented at the Board of Education’s regular meeting Tuesday.
The proposed increase, which the system had to develop as state legislators continue to mull their funding of local schools, would bring the county contribution to $466.5 million and represent nearly a fourteen percent increase over the $409.9 million provided in the current year’s spending plan. The overall schools operating budget would increase four percent to $1.56 billion from local, state and federal sources.
“We’re doing this without knowing the largest source of funding,” said Mark Winters, the system’s finance director.
State contributions during the current budget year amounted to $885 million and Merrill is projecting an increase from that source to $922 million.…