OXFORD— The SAD 17 Budget Committee has approved preliminary $37.65 million budget for fiscal year 2014-15, a 4.5 percent overall increase in local spending.

The proposed budget was one of two considered in last week’s final committee hearings, which will now be sent to the school board for approval.

Town public hearings will begin April 15.

Major spending initiatives include raises to teachers and administrators, higher insurance payments, a employee retirement costs shifted from the state, and a new $233,000 lease payment for the South Campus of the Oxford Hills Middle School…

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