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Oceanside board presents $181.3 million 2024–25 budget, sets four propositions for May ballot
Summary
At Budget Workshop #3 the Oceanside Union Free School District presented a proposed $181.3 million expenditure budget for 2024–25, outlined three revenue streams (local, state aid, tax levy), described impacts from a LIPA glide path and proposed four ballot propositions including a capital reserve project funded from reserves.
The Oceanside Union Free School District presented a proposed $181,300,000 expenditure budget for the 2024–25 school year at Budget Workshop #3, school officials said, and recommended four propositions that will appear on the May ballot. "This year budget development has been very difficult and tight," Dr. Coakley said, describing a detailed, line‑by‑line review intended to preserve staff and programs.
The proposed budget represents a 4.02% increase over the prior year; the board would fund it with three primary revenue sources, Dr. Coakley said: local "other" revenues (including a LIPA direct assessment, PILOTs and appropriated fund balance), state aid and the tax levy. He said projections call for $17.4 million in other local revenues and that the district plans to use $2.7 million from reserves this year to soften the impact of the LIPA glide path.
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