Montgomery County Schools District allocated a total of $8.6 million from state funds to employee benefits in the 2023-24 school year, according to data gathered by the North Carolina Department of Public Instruction.
This sum represents a 5.5% increase when compared to the $8.1 million spent the previous year on employee benefits.
Among the various expenditures, the largest expenditure from state funds was $19.2 million for salary, followed by employee benefits on which $8.6 million was spent, and purchased services with $1.5 million. Additionally, expenditures for supplies and materials and other were $769,163 and $122,288, respectively.
Despite steady enrollment, North Carolina schools continue to face significant funding challenges. The state’s per-student spending remains nearly $5,000 below the national average, limiting resources for teachers, classrooms, and student support programs. In fact, North Carolina ranks 48th out of 50 states in per-student funding (after adjusting for regional costs).
| Category | Spending in 2022-23 | Spending in 2023-24 | % Difference |
|---|---|---|---|
| Capital Outlay | $38,147 | $75,929 | 99% |
| Purchased Services | $1,181,163 | $1,547,313 | 31% |
| Other | $107,326 | $122,288 | 13.9% |
| Employee Benefits | $8,112,385 | $8,560,993 | 5.5% |
| Salary | $18,481,405 | $19,239,255 | 4.1% |
| Supplies And Materials | $1,043,746 | $769,163 | -26.3% |
