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Oxford Academy proposes 2.7% tax-levy increase in $25.54M 2026–27 budget
Summary
School Business Manager Erin Gramstad presented a $25,541,436 budget for 2026–27 with a 2.7% tax-levy increase; officials cited negotiated salary increases, a 17.25% rise in health insurance costs and a $185,000 cut in foundation aid.
School Business Manager Erin Gramstad presented the Oxford Academy and Central School District’s proposed 2026–27 budget, saying it would raise the tax levy by 2.7% for a total budget of $25,541,436.
Gramstad told the board that negotiated salary increases and a 17.25% increase in health insurance premiums were the largest drivers of the increase; she also noted an anticipated $185,000 decrease in foundation aid and cautioned that some Title grant funding levels remain uncertain. The district will monitor grants and other revenue sources as the budget process continues.
Superintendent Nicholas A. Colosi informed trustees of a new, non‑funded mandate that will require public voting information to be uploaded to a state portal; Colosi said the district will provide details as they become available. The board received the presentation during its March 30 special meeting and discussed next steps ahead of voter approval deadlines.
