Lexington City Schools District allocated a total of $15.3 million from state funds to salary in the 2023-24 school year, according to data gathered by the North Carolina Department of Public Instruction.
This sum represents a 3.3% increase when compared to the $14.8 million spent the previous year on salary.
Among the various expenditures, the largest expenditure from state funds was $15.3 million for salary, followed by employee benefits on which $7 million was spent, and purchased services with $1.2 million. Additionally, expenditures for supplies and materials and other were $654,390 and -$-2,000, respectively.
Despite steady enrollment, North Carolina schools continue to face significant funding challenges. The state’s per-student spending remains nearly $5,000 below the national average, limiting resources for teachers, classrooms, and student support programs. In fact, North Carolina ranks 48th out of 50 states in per-student funding (after adjusting for regional costs).
| Category | Spending in 2022-23 | Spending in 2023-24 | % Difference |
|---|---|---|---|
| Purchased Services | $960,921 | $1,246,020 | 29.7% |
| Salary | $14,827,679 | $15,320,568 | 3.3% |
| Employee Benefits | $6,871,936 | $6,962,125 | 1.3% |
| Supplies And Materials | $727,656 | $654,390 | -10.1% |
| Other | -$2,780 | -$2,000 | -28.1% |
