By Chris Kieffer/NEMS Daily Journal
TUPELO – The Tupelo school board is expected to vote Aug. 9 on the school district’s proposed $85.2 million budget.
That budget, which was outlined during a hearing last week, does not call for a tax increase. By law, the district is capped at 55 mills for district operations, and additional debt service tax would remain at 10.31 mills for the upcoming budget year.
The proposed budget is about $1 million higher than the one the district approved last year. It would be funded by about $36.57 million in local revenue, $33.46 million from state sources and $9.92 million in federal dollars. It also uses about $5.2 million from other sources, such as low-interest school construction bonds from the federal stimulus program and designated money from its fund balance.
The new budget would spend about $52.6 million on instructional costs, about 62 percent of the total budget. That includes $44.2 million in salaries and fringe benefits for classroom instructors and $8.4 million in other instructional costs.
Other large expenditures would include operational services ($8.55 million), debt services ($7.44 million), facilities and construction ($3.94 million), instructional services ($3.55 million) school administration ($3.01 million), transportation ($2.42 million) and general administration ($2.07 million).
The budget allows for 706 licensed educators, including 100 National Board Certified teachers and 282 staff members with advanced degrees.
The district’s local supplement to its teachers increased by $100 this year, the 10th time the supplement has increased during the past 16 years but the first time since 2007-08.