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Thursday, November 21, 2024

Mooresville Graded School District spends $25.9 million on salary in 2022-23

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Catherine Truitt North Carolina Superintendent of Public Instruction | North Carolina Department of Public Instruction website

Catherine Truitt North Carolina Superintendent of Public Instruction | North Carolina Department of Public Instruction website

Mooresville Graded School District allocated a total of $25.9 million from state funds to salary in the 2022-23 school year, according to data gathered by the North Carolina Department of Public Instruction.

This sum represents a 1.5% increase when compared to the $25.5 million spent the previous year on salary.

Among the various expenditures, the largest expenditure from state funds was $25.9 million for salary, followed by employee benefits on which $11.5 million was spent, and supplies and materials with $2.6 million. Additionally, expenditures for purchased services and capital outlay were $666,318 and $189,512, respectively.

The North Carolina House and Senate have presented different proposals for the state's budget for the 2024-25 fiscal year. The House plan allocates over $18.5 billion, calling for the restoration of master's pay for teachers and additional increases in state and school employees. The Senate proposal, on the other hand, maintains the spending level of $17.9 billion approved in the 2023 budget with new bonuses for principals.

While a final decision on the budget is still pending, the Senate passed a separate bill to ensure at least the level of education funding established in 2023. This would allow school districts to proceed with pay raises starting July 1, subject to the governor's approval. The raises would be retroactive. Negotiations between the House and Senate for a compromise budget are ongoing. If an agreement is not reached, the existing 2023 budget will remain in effect.

Mooresville Graded School District Expenditures From State Funds by Category - Previous Year Comparison

CategorySpending in 2021-22Spending in 2022-23% Difference
Supplies and Materials$1,146,751$2,635,039129.8%
Capital Outlay$132,306$189,51243.2%
Employee Benefits$11,209,199$11,480,4752.4%
Salary$25,490,343$25,868,4531.5%
Purchased Services$759,238$666,318-12.2%

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