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Oakland SD 1 board adopts $34.36 million FY 2025–26 budget, sets tax rate
Summary
The Oakland SD 1 board adopted Resolution No. 24-1253 approving a $34,359,732 budget for fiscal year 2025–26 and imposing a permanent property tax rate of $4.6397 per $1,000 assessed value; the board approved the resolution by voice vote at its June 11 meeting.
The Oakland SD 1 Board of Education on June 11 adopted Resolution No. 24-1253, approving a total fiscal year 2025–26 budget of $34,359,732 and setting related tax levies, the board announced.
Board member (speaker 3) moved to adopt the resolution and read the budget totals into the record, saying the district’s total appropriations across all funds are $31,764,243 with an unappropriated reserve of $2,595,489 and a total adopted budget of $34,359,732. The resolution also imposes ad valorem property taxes for tax year 2025–26, including a permanent rate of $4.6397 per $1,000 of assessed value and a debt‑service amount for general obligation bonds, the motion stated.
The motion was seconded and the board approved the resolution by voice vote. The chair declared the motion carried; the transcript does not record a roll‑call tally for every member, and a numerical vote count was not specified in the meeting transcript.
Why it matters: The approved budget establishes total district spending and the property tax rate that will appear on next year’s tax notices. Board members said they expect to close the fiscal year and prepare for the annual audit, with federal Title funds (Title I, II and IV) arriving as anticipated and incorporated into budget planning.
What the resolution says: Resolution No. 24-1253 includes the following key amounts cited in the meeting record: total appropriations (all funds) $31,764,243; total unappropriated reserve $2,595,489; total adopted budget $34,359,732; permanent tax rate $4.6397 per $1,000; debt‑service appropriation and debt‑service dollar amounts were read into the record as part of the resolution.
Next steps: Board members and staff said they will finalize paperwork and post the adopted budget on the district website as required. The board will proceed with year‑end closing and the external audit process.
Source: Board discussion and the text of Resolution No. 24-1253 read into the record by a board member during the June 11 meeting. The meeting transcript records the motion, reading of the resolution’s key figures and the chair’s announcement that the motion carried.
