The Wake County Board of Education approved changes needed to fund state-approved teacher raises and bonuses.
Leaders of the state's largest school district presented a proposed budget Tuesday as parents and educators rallied outside Wake County schools headquarters.
Teachers and parents said they were relieved by the board's decision but concerned about what comes next.
Academic proficiency increased for a third consecutive year. More than half of Wake County schools earned an A or B performance grade.
Years of overspending led to layoffs and higher utility bills, according to the findings.
The district is reviewing five schools as it navigates a budget shortfall driven by declining enrollment and increasing operating costs.