The Montgomery County Board of Education has unanimously adopted a $3.165 billion operating budget for Fiscal Year (FY) 2024, an increase of $245 million or 8.4 percent over the prior year. The adopted budget will allow Montgomery County Public Schools (MCPS) to make investments to support enrollment growth and student academic needs, while providing staff wage increases to competitively hire and retain highly qualified teachers, administrators and support service workers.
The FY 2024 Operating Budget was developed to specifically target investments aligned to the three focus areas of the MCPS strategic plan: Academic Excellence, Well-Being and Family Engagement and Professional and Operational Excellence. The budget also includes focused investments by the Board of Education to improve math and literacy rates, build a safe and inclusive school culture and support two-way communication.