Local News

Wake County, School Board, Reach Agreement On School Funding

Posted June 15, 2001

— If you live in Wake County, it looks like you will not have to pay an extra 5-cent tax: county and school leaders have reached a deal on the school budget.

The county calls it an historic agreement, because it looks to the future for a practical way to adjust for growth and inflation.

To keep academic programs and give the schools new money for teacher recruitment and retention, both the commission and the school system dug into their reserve fund balance.

But that is not a permanent solution.

The boards also agreed to form a Community Advisory Committee. That group will look at the school's operating budget to cut any waste it may find or to consider a tax increase for the future.

"They will find an efficient, well-run, highly productive staff, and that we're using the funding we have very effectively and for the right things," says school board chairman Bill Fletcher.

"If it's successful and we involve the community in the process, we will have community support for it," says Michael Weeks, Wake County Commissioner.

The commission will pass the final budget Monday and start working on the advisory group later this month.

The schools asked for $30 million; they got $20 million, plus $6 million of their own reserve, and taxpayers will have no tax increase this year.

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