spending.
investigate how taxpayer dollars finance public schools
HOW MUCH IS SPENT?
Greenville County Schools, along with all South Carolina school districts, experience significant fluctuations in education spending associated with economic cycles. After plummeting over 14% per student following the Great Recession, spending has increased an average of 2.3% per student annually in inflation-adjusted dollars.
Operational Expenditures
Operational expenditures include those funded by state and federal government as well as the local school district. They do not include construction and associated debt service expenditures.
Recession Impact
Greenville County Schools (GCS) experienced a decline of $858 in per-student spending in the wake of the Great Recession before rebounding.
Average Spending
After adjusting for inflation, South Carolina school districts, on average, spent $1,188 more per student than GCS in 2019.
Trends
When adjusting for inflation, GCS spent $433 more per student in 2019 than in 2008.
Greenville County Schools Operational Per-Pupil K-12 Expenditures
HOW IS IT SPENT?
In the 2018-19 school year, 71.5% of Greenville County Schools (GCS) operational expenditures went toward the combination of instruction and instructional support. The percentage for South Carolina school districts was 69.2%. Compared to the state average, GCS spent a higher percentage of its operational expenditures on instruction, instructional support and school management and a lower percentage on operations and district administration.
Greenville County Schools Operational Expenditures by Category
Sources: In$ite Financial Data, South Carolina Department of Education, various years. (online: https://ed.sc.gov/finance/financial-data/in-ite/)
HOW MUCH IS KEPT IN RESERVE?
Why Maintain a Reserve?
Stability
The inflow of operating revenue doesn’t always match the payment of expenses, so reserves allow the district to pay bills without borrowing funds and paying interest on those funds. Due to this mismatch, the reserve amount can vary greatly from month to month.
Protection
The district may also maintain money in reserve to protect against mid-year cuts in state funding. This reserve prevents major disruptions during the school year.
Savings
The school district’s operating reserve policy allows the district to keep a high bond rating and pay less in interest on construction debt service bonds.