Iredell-Statesville Schools District allocated a total of $96.1 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 3.1% increase when compared to the $93.3 million spent the previous year on salary.
Among the various expenditures, the largest expenditure from state funds was $96.1 million for salary, followed by employee benefits on which $44.1 million was spent, and purchased services with $4.4 million. Additionally, expenditures for supplies and materials and capital outlay were $2.8 million and $592,358, 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 |
|---|---|---|---|
| Capital Outlay | $65,416 | $592,358 | 805.5% |
| Purchased Services | $3,978,228 | $4,368,899 | 9.8% |
| Other | $53,401 | $56,452 | 5.7% |
| Employee Benefits | $42,402,988 | $44,058,784 | 3.9% |
| Salary | $93,268,995 | $96,137,351 | 3.1% |
| Supplies And Materials | $3,939,914 | $2,777,444 | -29.5% |
