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Board takes first read of revised budget‑planning policy (5002); Oakland Schools budget presented as information
Summary
The board received a first reading of revised Policy 5002 (budget planning and adoption), which sets a 15% minimum general‑fund balance and a multi‑year replenishment schedule for shortfalls. Trustees also received the Oakland Schools 2025–26 budget as an informational item.
The Oak Park Board of Education received a first reading of a revised budget‑planning policy (Policy 5002) on April 14 that would require the district to maintain an in‑year general fund balance equal to at least 15% of the preceding year’s revenues and to replenish deficits on a multi‑year schedule.
Under the draft language read to the board, the…
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