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Montgomery County Public Schools (MCPS)
Reply to "Increased class sizes for next year "
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[quote=Anonymous]Council has more than enough in reserves to make a special appropriation to MCPS for $10million. They just authorized a $20mill special appropriation for corporate welfare. “Look at that big spike in FY23-24. Ending reserves are estimated to be $960 million at the end of FY24. The county’s reserve target is 10% of revenues, but in FY24, reserves are supposed to be 14.9% of revenues – and 16.1% if all agencies are included. And here is the kicker – that is despite the county spending a net $74 million out of reserves, the biggest withdrawal in nearly a decade. The approved FY25 budget assumes a net $253 million decline in reserves, an astronomical amount that exceeds what the county withdrew during the Great Recession.“ https://montgomeryperspective.com/2024/06/10/is-the-party-over/ [/quote]
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