School budget at $43.6 mil

Staff Written News

By Patrick Yost


The Morgan County Board of Education voted unanimously to advertise its fiscal year 2021 $43,676,313 budget at a special called meeting  Monday.

The budget includes an expected 4 percent increase in revenue and a 7 percent reduction in expenses.

According to Dr. James Woodard, superintendent, Morgan County Charter School System, last year’s budget was $46,969,201. Dr. Woodard said he asked for and received a 15 percent reduction across the board in this year’s budget.

The budget includes a $400,000 reduction in the system’s teacher retirement system, a $600,000 reduction based on attrition with school system employees and a $650,000 reduction based on the 15 percent reduction. The system is also benefiting from a $500,000 Cares Act contribution for transportation costs.

The budget, which can be found on page A6, predicts collecting $13,500,000 from property taxes compared to $13,350,000 last year. It also predicts a reduction in state funding from $17,364,201 last year to $16,100,000 in fiscal year 2021. On the expenditure side, the board is budgeting $23,273,645 in “direct instruction” compared to $23,950,692 last year. Pupil services will also drop from $1,322,784 last year to an estimated $922,133 in fiscal year 2021. School administration costs are expected to drop in 2021, from $2,178,855 in 2020 to $2,153,597. The budget will be considered for final adoption by the Morgan County Board of Education at on July 20 at 6 p.m. at the Morgan County Board of Education Central Office, 1065 East Avenue, Madison. Public hearings prior to adoption of the budget will be held on Monday, June 29 at 9 a.m. at the board offices and again on July 20 at 5 p.m. 

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