South Carolina city board approves $404 million for 2014-2015

Tuesday, June 10, 2014

The Charleston County school board approved a final budget for the 2014-2015 school year Monday that includes $22 million more in spending.

The board approved a total general operating budget of $404 million, up from $382 million last school year. The district had been faced with a $6 million funding gap between its initial spending plan of $407.5 million and projected revenues of $401.5 million.

To cover the gap, Michael Bobby, the district's chief financial officer, reduced the proposed budget by $3.5 million and the board allocated $7.4 million instead of $5 million from the district's $ 42 million rainy day fund. The budget does not include a property tax increase.

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