Oxford Area SD presents $96.1 million proposed budget; administration recommends 4.7% tax increase

The Oxford Area School District finance and budget committee reported a proposed $96.1 million general fund budget for the 2026–27 fiscal year and the administration recommended a 4.7% property tax increase to support the district’s capital program and preserve its credit rating.

At the April 21 board meeting, the finance chair summarized the budget outlook, saying administration projected revenues assuming 85% of forecasted state increases and that early indicators on adequacy funding looked positive. She said the district ended fiscal 2025–26 with an approximate fund balance of $5.2 million and that roughly $4.5 million of that would be needed to support the proposed 2026–27 budget even with the tax increase.

The report noted the administration’s recommendation for a 4.7% property tax increase tied in part to maintaining an "A+" credit rating ahead of the 2027 bond issuance; administration warned that drawing heavily on reserves or issuing bonds without maximizing revenue could harm the rating and raise borrowing costs.

Board members discussed community concerns and context: the average household impact under the proposal was estimated at a $231 annual increase, and members emphasized the pressures districts across Chester County are facing from rising costs, pensions and special‑education needs. The board voted to approve the proposed final general fund budget for public inspection and set the timeline for public notice at least 10 days before adoption.

The board also approved payment of April bills as presented: General Fund $6,380,087; Cafeteria Fund $120,450; Capital Projects Fund $3,300; Payroll distribution $2,320,307. The district will continue budget hearings and committee work ahead of final adoption.