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FY15 budget approved by Board of Education

April 14, 2014
On Monday, April 14 the Knox County Board of Education approved the school system’s fiscal year 2015 general purpose budget, representing a total increase of 2.97% over the current year’s budget. The general purpose budget, which must be approved by the Knox County Commission, totals $432.335 million and includes a 2.5% base salary increase for teachers.

Described as “no frills,” the budget is focused in three critical areas:
  1. Enhancing teacher compensation
  2. Opening the new Career Magnet Academy high school on the Strawberry Plains campus of Pellissippi State
  3. Preserving school-based instructional positions
The budget, which closely aligns limited resources with the district’s ambitious educational aspirations, will sustain important efforts in the classroom, including:
  • continuous instructional improvement
  • rigorous academic standards
  • early literacy
  • personalized learning supported by instructional technology
  • professional growth through a developmental evaluation
  • implementation of the TAP System at 18 schools
  • teacher leadership
  • educator collaboration
  • high quality professional development and support
The FY15 budget will also allow the Knox County Schools to transition and integrate into the General Fund budget two valuable educational initiatives that have been incubated and financially supported by the Great Schools Partnership: pre-Kindergarten efforts and the summer bridge program, which successfully prepares struggling students for the academic transition from middle school to 9th grade.

The FY15 budget, along with the district’s capital improvement plan and the school nutrition fund budget, must be approved by County Commission in early June.