UPDATED: LCPS budget quick hits
The meeting will begin promptly at 6:30 p.m. at the School Administration Building in Ashburn.
Here is the breakdown of the most important parts of the budget:
Total Expenditure changes: An increase of $108.7 million
Employee Compensation cost: An increase of $31.9 million from last year's budget.
-Provides a re-basing of the salary schedules as well as step increases for all eligible employees.
-Will provide teachers and all other employees step increases for the first time in five years.
Growth: $35.7 million
-Covers the cost of 460 new positions.
-Over the last seven years Loudoun has grown from 57,009 students to 73,233 students or more than 28 percent.
-During same period school buildings have gone from 75 to 87.
-New students mean new buildings.
Technology: $13.1 million plus potential $37.1 million bond referendum
-Address the 1 to 1 initiative, or mobile devices for all students and teachers, through a bond referendum.
-Adding 29 new full time employees to help meet demand.
-$8.4 million difference from fiscal 2014 to 2015 in non-salary costs.
Revenue increases requested:
County: $87.5 million
State: $20.3 million
Other Fees: $500,000
Gap in Funding:
-Proposed budget has a gap in funding of $56.3 million, after a projection sees the county providing $31.3 million in revenue. The county provided an updated number Jan. 15.
-Should nothing be done about it, the School Board may be forced to cut more than 1,100 full-time employees. That would save up to $63.7 million.
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