Knox County Schools has released its preliminary general fund budget for the fiscal year 2019 (FY19). It was presented to the Board of Education on April 11, 2018. The recommended budget of $483.3 million represents an increase of $12.1 million (2.58%) over the current budget. UPDATE: The final FYI19 budget totaled $485,068,000.
The FY19 budget has to be approved by Knox County Commission.
The Knox County Board of Education is responsible for developing a balanced budget and for determining how funds within the budget are to be utilized to meet the Board of Education's goals. The Board has no power to change funding sources or amounts.
Knox County Commission determines the final funding amount for the Knox County Board of Education as part of the overall Knox County budget but does not determine how the funds will be utilized. Knox County Commission has the power to change funding sources or amounts.