More to come, but Wake County Superintendent Tony Tata presented a $1.25 billion operating budget today calling for an $8.8 million increase in funding from county commissioners.
Tata is also asking the school board to waive policy to allow him to use $28 million of the district's $34.5 million undesignated fund balance to help balance the budget. Board policy says Wake should only spend half of its rainy-day fund.
Tata said these steps will allow him to make up the $28 million loss in federal money that saved 500 teaching jobs this year. It will also allow Wake to offer teachers a 1-percent raise and a one-time $500 bonus to non-certified staff.
Tata said the budget also includes money to help schools become more attractive that were under chosen in the new student assignment plan.
The budget also calls for no layoffs.