MCPS 2023-2024 budget in numbers

How MCPS will split

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The MCPS Board of Education tentatively adopted a $3.2 billion operating budget for Fiscal Year (FY) 2024 on Feb. 23. This marks a growth of $296,012,046, or 10.1 percent from the FY 2023 budget, accounting for increased investments in transportation, English learning, and compensatory education.

The budget for all salaries grew to $2.2 billion, up $190 million from FY 2023. Superintendent Monifa McKnight will earn $320,000— the fourth highest salary of all Maryland superintendents. The maximum salary earned by an educator in Montgomery County is $169,949.

The MCPS teacher pay scale increments every year, with the starting and maximum salaries determined by the teacher’s level of education. The salary for a teacher with a bachelor’s degree maxes out at $71,526 compared to $111,205 for a teacher with a master’s degree.

MCPS teacher pay scale