The Chester County Press is reporting that the Oxford School Board unanimously approved a proposed final budget of more than $68.5 million for the 2017-2018 school year. The budget includes an increase of more than $2.8 million in spending over the current fiscal year, representing a more than four percent increase. According to the report, the biggest item affecting Oxford’s budget is the state-mandated contribution to the Public School Employees Retirement System, which is increasing by more than $1.1 million, approximately eight percent. Also, the school district plans to add one new staff position and two elementary school positions. The proposed final budget will be available for review by the public for one month, and the school board is expected to adopt a final budget at its regular meeting Tuesday, May 16. The Oxford School Board will meet again for a work session on Tuesday, May 9. Both meetings will take place at the Administration Building and will begin at 7 p.m.