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Inadequate school funding has a disproportionate impact on low-income students and high-poverty schools. 14% of 4th graders at poor schools were at or above proficient in reading and 17% at math while in low poverty schools, more than twice as many were at proficiency or above in reading and 60% were for math.
Lee told the school committee last month that the schools needed an additional $10 million in their 2024-25 budget to maintain current staff and programs. Of that amount, $6.5 million is needed ...
In addition to reducing teaching roles, the school budget proposal recommends cutting 22 administrative positions, which is equal to $2.8 million of the cuts that need to be made, Monárrez said.
Zero-based budget is a budgeting approach that requires justifying every dollar spent, rather than basing the budget on the previous year's spending. This approach forces government entities to critically evaluate every expense and prioritize resources based on the highest impact and greatest need.
May 21—The Santa Fe school board on Tuesday passed a $428.5 million budget for 2024-2025. The budget, approved ahead of a May 28 deadline for submission to the state's Public Education ...
National budget: a budget that the federal government creates for the entire nation. State budget: In federal systems, individual states also prepare their own budgets. Plan budget: It is a document showing the budgetary provisions for important projects, programmes and schemes included in the central plan of the country.
Performance-based budgeting is an approach in which funding for an institution "depends on performing in certain ways and meeting certain expectations". [10] " Historically, many colleges have received state funding based on how many full-time equivalent students are enrolled at the beginning of the semester". [ 9 ]
3. Pay-yourself-first budget: Best for saving and building wealth. As the name suggests, the pay-yourself-first budget emphasizes saving and investing before spending money on other things.