Lake Oswego budget committee approves FY 26‑27 budget after discussion on one‑time funds

The Lake Oswego School District budget committee approved its recommended FY 26‑27 budget after members discussed the district’s reliance on one‑time funds and uncertainty in the upcoming state revenue forecast.

Aaron (committee member) raised concerns about the district’s “driver pool” and other one‑time revenues, saying, “when we spend it, it’s not like it’s going to be coming back next year,” and warning that using these funds now could leave the district tighter if state support does not increase. Tara (staff member) and other committee participants replied that enrollment increases and the next Oregon revenue forecast may affect revenue projections and that the district currently projects a balanced budget for FY 26‑27.

The committee discussed the biennium timing for state school support and noted that historically the base amount has increased across prior bienniums, but they acknowledged that a significant statewide revenue shortfall could force cuts in the future. Committee members emphasized the need to balance spending for students now with preserving sufficient ending fund balance to manage risks into the next budget cycle.

A committee member moved to approve the FY 26‑27 budget as presented; another committee member seconded. The motion carried by a voice vote. The transcript does not record an individual roll‑call or numerical vote tally; minutes should be consulted for a formal roll call and official vote counts.

The committee reiterated that the board will adopt the budget at its June meeting and adjourned after thanking members of the public who joined by phone.