At a time when some parish agencies are searching high and low for money to cover general operations, the St. Tammany Parish School System mustered a $16.3 million surplus during the fiscal year ending June 30, 2025, the district’s chief financial officer said Thursday.
CFO Terri Prevost announced the windfall during a committee meeting of the St. Tammany Parish School Board in Covington. She said of that total, some $8 million came from savings on the district's health insurance policy, which had lower premiums than in previous fiscal years. Another $1.7 million was saved on worker compensation claims, Prevost said, and sales tax collections were more than $5 million higher than she had originally budgeted.
As part of the collective bargaining agreement the district and its employee uni