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News Release: Board of Education Approves $2.66B Budget for Fiscal Year 2023

June 28, 2022
For Immediate Release

Office of Communications

UPPER MARLBORO, MD – The Prince George’s County Board of Education unanimously approved a $2.66 billion operating budget for Fiscal Year 2023 (FY 2023) during the June 23 Board Meeting.

The budget supports five strategic imperatives outlined in the school district’s strategic plan, Transformation 2026: Equity and Excellence – academic innovation, transformational workforce, organizational learning culture, safe and supportive environments, and infrastructure and operational enhancements. 

“This budget focuses on enhancements we need the most, including student mental health supports and competitive employee compensation,” said Dr. Monica Goldson, Chief Executive Officer. “I look forward to continued collaboration with the Board of Education as we focus on striving to meet the goals outlined in our strategic plan.”

Highlights of the FY 2023 budget include strategies for addressing interrupted instruction during the COVID-19 pandemic; expanding language immersion, early learning and alternative school programs; improving employee compensation and substitute teacher pay; investing in technology upgrades; maintaining 1:1 devices for students; providing mental health supports; and enhancing school maintenance and security.

Dr. Goldson released a proposed budget of $2.64 billion in December. After receiving public input on the budget, the Board presented a $2.63 billion FY 2023 budget to the county.

The FY 2023 budget includes $1.37 billion in state funds, $847 million from the county, $316 million from the federal government, $117 million from the fund balance and $13 million from Board sources. The approved budget is $30.2 million more than the Board’s requested budget due to a $15.5 million increase in restricted federal and state funding, an additional $2.1 million in unrestricted funding and the committed fund balance of $13.7 million, offset by slightly lower county funding of $1.1 million.

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