Columbia Board of Education approves next school year’s budget
Ryan Shiner
COLUMBIA, Mo. (KMIZ)
The Columbia Board of Education at its Monday night meeting unanimously approved next school year’s budget for the district.
The district expects to spend roughly $307 million this upcoming school year. Previous reporting indicates that roughly three-quarters of the budget is made up of staff salaries and benefits.
The Board had approved a new salary schedule in April, which included pay raises to base salaries for employees in order to help recruit and retain teachers.
According to meeting documents in previous reporting, CPS experienced a nearly $7 million decrease in its fund balance.