Board of Education Approves $1.79B Budget for FY2015

 The Prince George’s County Board of Education has approved a FY2015 budget of $1,795,250,300. It represents a $107.4 million increase over the approved budget for FY2014, which was $1,687,807,813.

“This year, we have seen a significant increase in revenue,” said Dr. Segun C. Eubanks, Board of Education Chair. “This demonstrates a commitment to public education by our elected officials and community, as well as a commitment by our district to find new ways to reduce costs, streamline processes, and fund initiatives and academic programs.”

Revenue funds for the FY2015 budget include $1 billion from the State, $630 million from the County, $103 million from the Federal government and $18 million from Board sources.

“This budget reflects our priorities to expand choice programs, enhance student support, and raise expectations for academic achievement,” said Dr. Kevin M. Maxwell, Chief Executive Officer. “We reduced costs in some areas, which enabled us to channel funds to support our goals to expand successful academic programs and attract and retain highly qualified staff.”

In addition to funds for negotiated compensation improvements for employees, the budget supports investments in expanding Science, Technology, Engineering & Mathematics (STEM), creative and performing arts, Montessori, International Baccalaureate (IB), language immersion, dual enrollment, and career technology programs. It also funds Secondary School Reform (SSR) initiatives, supports the county’s Transforming Neighborhoods Initiative (TNI) through expansion of prekindergarten, establishes two new International School, and provides additional support and outreach to parents through a new Family and Community Resource Office.

Prince George’s County Public Schools (PGCPS) uses a Student-Based Budgeting (SBB) system that enables schools to direct resources where they are needed most, based on individual school needs. By providing schools with more direct control over their budgets, SBB also allows school-based decisions to directly influence classroom spending.

For more information, visit the FY2015 Operating Budget webpage by clicking here.

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