School Finances 101: What Most People Don’t Know About School Budgets

2025-04-10

How exactly are public schools funded—and where does all the money actually go? In this episode, Katie is joined by Justin Moyers, Chief Financial Officer for Rockingham County Public Schools, to break down the myths and realities of school budgeting. They discuss where funding comes from (and where it doesn’t), what makes up the largest expenses, and how local, state, and federal sources all play a role in what RCPS is able to offer students. Justin explains how RCPS balances its budg...

How exactly are public schools funded—and where does all the money actually go? In this episode, Katie is joined by Justin Moyers, Chief Financial Officer for Rockingham County Public Schools, to break down the myths and realities of school budgeting. They discuss where funding comes from (and where it doesn’t), what makes up the largest expenses, and how local, state, and federal sources all play a role in what RCPS is able to offer students.

Justin explains how RCPS balances its budget year after year, and why many people are surprised by the hidden costs of running a school district. Katie and Justin also talk about teacher salaries, what benefits really cost, and why some extracurricular programs rely heavily on fundraising. If you’ve ever wondered how budget decisions get made—or how to advocate for the programs that matter most to your family—this episode offers a clear and practical window into the process.

To learn more, check out https://www.rcps.net/page/finance-office.

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