Revenues could be down about $1 million, and Oak Ridge Schools officials have recommended cutting 18 positions, including roughly eight teaching spots.
Six employees could lose their jobs, Oak Ridge Interim Superintendent Bob Smallridge said during a special meeting Monday. The rest of the cuts could occur through retirements and employees taking new jobs, among other things.
The 18 reductions could save about $1.1 million, Smallridge said. One special education teaching position would be added.
“It’s a very tight budget,” he said. “We’ve made some very tough decisions.”
The recommendation still have to be approved by the Oak Ridge Board of Education. The board meets at 5:30 p.m. Tuesday in the School Administration Building to conduct a line-by-line review of the $55.5 million budget.
The schools’ revenue sources include property and sales taxes, and city, state, and federal funding. The only real anticipated increased in revenues in the fiscal year that starts July 1 is in property tax collections, Smallridge said.
He cited such revenue decreases as a roughly $450,000 decrease in sales tax collections and a $122,000 drop in state Basic Education Program funding.
Meanwhile, there have been significant spending increases, including a $467,000 step increase in salaries and benefits, and a health insurance rate hike of about $280,000, school officials said.