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BREAKING: OSD 308 to begin Phase 2 of budget reductions on Monday

Phase 2 of Oswego School District 308's budget reduction plan is set to begin at the Monday, Nov. 12 meeting of the Board of Education. The board will hear two scenarios for action or inaction, and will be presented with a list of budget cuts and revenue enhancements to consider.
Phase 2 of Oswego School District 308's budget reduction plan is set to begin at the Monday, Nov. 12 meeting of the Board of Education. The board will hear two scenarios for action or inaction, and will be presented with a list of budget cuts and revenue enhancements to consider.

The Oswego School District 308 Board of Education is slated to enter the second phase of its budget reduction plan discussion at its next meeting on Monday, Nov. 12.

In an email sent Wednesday, Nov. 7, board President Brad Banks confirmed that, during the meeting, district administrators will present the board with the Phase 2 budget reduction plan as an informational item, meaning that the board may not vote on it at Monday's meeting.

The meeting is set for Monday, Nov. 12, at 7:15 p.m. in the Community Room at Oswego East High School.

Administrators will present two sets of five-year projections: a "do nothing" scenario where the board takes no action, and a scenario based on their recommendations to the board that include reductions that would take the district to a five-year balanced budget.

The fiscal year 2019 budget, approved by the board in September, showed an estimated beginning balance of about $15.2 million, and a tentative fund balance of just over $9 million. The fiscal year began July 1.

Banks confirmed that there will be additional budget reductions and revenue items presented to the board for its consideration.

The process will be different from 2017, he said, as the list, "won't be as comprehensive as Phase 1."

The board began the first phase of the budget reduction plan last November, with a list of budget reductions and revenue enhancements including increasing athletic fees, cutting extracurriculars and eliminating general education teacher assistants. Through a series of straw poll votes and public forums, the board approved just over $7 million in cuts and increases during a meeting in February.

While Banks said he did not anticipate the board reducing items from the presented list, the board would give direction to district administrators, "based on the outcomes of the discussions Monday evening."

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