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Budget and Finance

The budget and finance page includes current and past year budget and financial documents, along with information about planning for the upcoming school year.

2022-23 Budget

The planning process for the operating budget for the 2022-23 school year (also known as FY23) is underway. One of the first steps in the process is to hear from you - parents, staff, partners, and community members - about what's important to you so that we can make budgeting decisions to reflect those priorities. 

We collect this feedback through a few different ways, including an online survey (coming soon) and virtual feedback sessions. 

Upcoming Sessions

You are invited to attend any event. Audiences are identified for more focused conversations. Download fliers with links in English, Spanish, Arabic, French, Swahili, or Tigrinya here soon.

Once developed, the proposed budget will be presented to the Board of School Commissioners on April 12, 2022. The Board will then vote on the proposed budget on May 10, 2022.

2021-22 Operating Budget

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Operating budget

(English)

The 2021-22 (FY22) operating budget was approved by the Board of School Commissioners on Tuesday, May 13, 2021. 

Looking to the future

The state's Commission on Innovation and Excellence in Education (the "Kirwan Commission") is charged with making recommendations on what would be needed for Maryland's schools to perform at the level of the world's top education systems and on needed changes to state funding of schools serving students from pre-k to 12th grade.
 
What would a world-class education system look like in Baltimore? What approach to funding would ensure equity for Baltimore's students? With input from stakeholders and advocates and reflecting research-based best practices in urban education, City Schools has drafted its vision for Baltimore's schools under a new state funding formula. 

View "Investing in Our Future" in Spanish

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How does the budget work? (English)

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How does the budget work? (Spanish)

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ARP ESSER Budget Narrative

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Grant Budget C-1-25

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ESSER III Fund Application

School spending

City Schools allocates the maximum possible funding to schools, both directly for flexible spending and indirectly through district-provided services, and works to ensure that distribution is equitable across all schools, so that all students' needs can be met. Different priorities, needs, and schools means that school budgeting can be complex, and the formulas used for charter and traditional schools have not been easy to understand.

In 2018, the district convened a group of stakeholders representing charter schools, traditional schools, and the district office to look at how schools are funded and to work toward recommendations to make funding methods more transparent and easily understood, while also ensuring equity across school types. Below are presentations from a series of work sessions held by the stakeholder group.

Per-Pupil Expenditures

Recently, the Maryland State Department of Education added a new piece of information to their MD School Report website. You can now see how much each school and school district in the state spends per student. MSDE refers to this as per-pupil expenditures. This data can help you, and other stakeholders, better understand education funding.

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ESSA Per-Pupil Expenditures

District and by school

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ESSA Per Pupil FAQ

PDF

Additional resources

Past year budget and financial statements

2020-21

2019-20

2018-19

For more information or other past years' budget documents, contact the Finance Office.

Financial recovery plan

At the outset of developing the FY18 operating budget, City Schools identified a structural budget gap exceeding $100 million. The gap was closed through cost-cutting and provision of additional resources from the city and state.
 
As part of House Bill 684 passed during the 2017 General Session, the Maryland General Assembly required the Board of School Commissioners to prepare a financial recovery plan for the district, which was submitted to the city and state on August 1, 2017.