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Board reviews preliminary 2025–26 budget, proposes 6.8% tax levy
Summary
School Business Manager Erin Gramstad told the board the proposed 2025–26 budget would not use fund balance and would propose a 6.8% tax levy; the district says the estimated gap is $336,000 after a lower-than-expected health-insurance projection.
At its March 3 meeting, the Oxford Academy & Central School Board of Education reviewed a preliminary 2025–26 budget that proposes a 6.8% tax levy and does not use fund balance.
School Business Manager Erin Gramstad told trustees the district has reduced the estimated budget gap to $336,000 and that a projected decrease in health insurance costs contributed to that improvement. "The proposed budget, not utilizing any fund balance, is a 6.8% tax levy," Gramstad said while summarizing the financial outlook. She also presented historical administrative spending since 2022–23 and explained a sample calculation of the administrative cap.
Board members asked staff to continue identifying savings and next steps include additional departmental reviews and a public BOE budget meeting on March 31 in the middle school conference room. The district emphasized it is seeking to close the remaining gap without depleting reserve funds.
