Knox County Schools’ preliminary fiscal year 2020 budget proposal includes a 3.5 percent raise for teachers and funding for three new elementary schools, two of which would be replacements for current ones.
The $506,652,000 budget proposal is more than $21,000 more than the previous budget.
It includes $16.1 million for increasing teacher and staff compensation, which would be a 3.5 percent base salary increase for certified and classified staff, as well as eligible step increases.
It also provides $4.6 million for academically at-risk schools and literacy support, as well as $5.2 million for staff additions for critical student needs.
More online: Read the full budget proposal
The budget proposal includes $3.3 million worth of what it calls budgetary savings, which would include cost savings through departmental budget reductions and an early retirement incentive for certain employees, including three in the central office.
There is also funding for a new Adrian Burnett Elementary, a new Lonsdale Elementary, and a brand new elementary school in northwest Knox County.
“We have worked to develop a thoughtful and balanced budget that includes key investments aligned with the district’s goals and objectives and represents the type of strong fiscal management that is expected of us as referenced in our Strategic Plan,” Superintendent Bob Thomas said.
The school board plans to discuss the budget proposal at a called meeting on Wednesday.