Current Budget News and Key Dates
![budget cartoon](https://3.files.edl.io/00e5/24/07/05/212506-7ed2ec98-1202-4b9f-9774-894be3878ab3.jpg)
Budget Updates
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Enrollment, revised compensation, furlough days and legal costs may require continued adjustments to the 2024-25 school year budget.
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“Right-sized” staffing - also known as “class size adjustments" or ratios for schools are based on enrollment and will be reviewed periodically throughout the school year.
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An estimated 60 full time equivalent (FTE) were reduced in force from the school district to date, including an estimated 20 FTE reduced during the 2023-34 school year.
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The 2023-24 school budget ended $1.7 million short and will be audited on October 28.
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Moody’s Ratings dropped Newberg-Dundee School District’s bond rating from A1 to A3, citing declining enrollment and growth in debt, potentially impacting the district’s perception of creditworthiness in the bond market.
Key Dates
Important dates for the budget include:
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Budget Hearing: 5:30 p.m. on June 24, 2024
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6 to 8 p.m. on June 27
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6 to 8 p.m. on July 1
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- Date by which budget must be adopted: June 30