Monday, September 19, 2016

3PM Today: MCPS Ended with $31.4 Million Surplus

Today at 3 PM, the Montgomery County Council's Education Commitee will discuss MCPS' surplus of $31.4 million and the MCPS request to move around $4.2 million.

MCPS wants to move $4 million from Instructional Salaries to pay off a deficit in the Group Insurance Fund.  This translates to less money for teacher salaries (new or raises) due to the funding of benefits for existing teachers.

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