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Oxford Academy board reviews $24.03 million 2025–26 budget, discusses levy scenarios
Summary
School Business Manager Erin Gramstad presented a proposed $24,032,771 budget for 2025–26 — a $347,451 increase — and outlined modeled tax-levy impacts at 1%, 4.5%, 5.5% and 6.5%; no levy was adopted at the meeting.
Erin Gramstad, the district's School Business Manager, presented the proposed 2025–26 budget to the Oxford Academy & Central School District Board of Education on March 31, 2025. "The proposed budget is $24,032,771, an increase of $347,451 from the current year," she said, and walked trustees through modeled tax-levy scenarios of 1%, 4.5%, 5.5% and 6.5% that illustrate possible impacts on the local tax rate.
Gramstad separated the proposal into program and capital components, saying the programs portion "includes everything that pertains to educating students (teacher salaries/benefits, student placements, operating costs of transporting students, etc.)." She described the capital component as expenditures related to short- and long-term debt payments and facilities-related costs. The board did not adopt a levy at the meeting; the public budget hearing and regular board meeting are scheduled for May 13, 2025.
