Budget Approval

After reviewing the budget document, the budget committee approves it as presented by the superintendent, or as revised, and recommends its adoption to the school board.

After the school board accepts the budget, a budget hearing must be held. The hearing and final adoption of the budget must occur prior to July 1.

Not less than five days and not more than 25 days prior to the hearing, the district is required to publish a summary of the budget and a notice of the hearing in the local newspaper.

Following the hearing and prior to July 1 boards must formally adopt a budget for the next fiscal year. A board may make changes in the approved budget before it is adopted. However, expenditures in any fund may not be increased by more than $5,000 or 10 percent of the estimated expenditures, whichever is greater, without first publishing a revised budget summary and holding another budget hearing. This formally adopted budget is the basis for making appropriations and certifying the amount of the district’s property tax levy to the county tax assessor. (ORS 294.435)

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