School Board Adopts FY24 Budget

The Loudoun County School Board adopted its Fiscal Year 2024 Operating Budget, including increased employee compensation, at its Tuesday, August 8, meeting. The approved Operating Budget is $1,668,345,179, a 6.9 percent increase over Fiscal Year 2023.

The approval came outside the traditional budget cycle due to the lack of a final state budget. Loudoun County Public Schools (LCPS) Business and Financial Services staff based its budget recommendations on the best information available in an uncertain fiscal climate by using a hybrid approach to conservatively adjust revenues and expenditures. This was done to avoid jeopardizing employee pay increases or leaving the division facing a funding deficit. 

A key factor in making the Fiscal Year 2024 Operating Budget a reality is the support of the Loudoun County Board of Supervisors, which provided $16.3 million in additional funding to fill gaps left at the state level. The budget adopted by the School Board raises compensation a minimum 5 percent for eligible employees moving a step with an overall average of 5.8 percent when combined with previously awarded step increases. More information regarding compensation can be found on the LCPS website.

Other major enhancements in this budget include:

  • School support advisors at all 17 LCPS high schools and The North Star School.

  • Additional elementary school counselors.

  • Additional staffing support for Title I schools.

  • Staffing enhancements to support English language learners.

  • A new math intervention pilot program.

  • Eliminating athletic fees for all students participating in Virginia High School League (VHSL) sports.

“I’m glad that the School Board has been able to make good on the significant salary increases for staff that we approved earlier this year,” stated Loudoun County School Board Chair Ian Serotkin. “This demonstrates our commitment to our exemplary staff and remaining an employer of choice for our educators.”

Published August 9, 2023