Falls Church School Board Approves Fiscal Year 2023-2024 Budget

The Falls Church School Board has approved a budget for Fiscal Year 2024 that complies with the City Council's revised guidance of 5.3% organic revenue growth. The budget shows an increase of $2,476,749 in local funding, representing 80.4% of the total budget, and a 6.0% increase from the previous fiscal year's budget when expected state and federal revenue are included.
In April, the School Board received the results of a compensation study conducted with Segal. The study indicated that the cost to bring all employees to the new salary structures is approximately $2.1M (or 6.0% of payroll) and can be completed in the coming Fiscal Year.