INDIANAPOLIS — The Indianapolis Public School board of commissioners has approved a $410 million referendum to fund several construction projects as part of its Rebuilding Stronger plan.
Commissioners voted unanimously Tuesday night to move forward with the referendum, which includes the construction of a new elementary school and additions and renovations to multiple schools, among other items, according to a notice from the board's website.
Leases for the projects will be for a maximum term of 30 years with a maximum aggregate annual lease rental of $45 million, according to the notice.
The full notice can be viewed here:
Marc Ransford, a spokesman for IPS, says the referendum will "support new construction and renovations to expand and enhance the elementary and middle school experience (and) address critical deferred maintenance needs in some IPS-owned school facilities."
The total costs are estimated to be more than $267 million.
The notice also states that IPS expects to incur an increase of $301,715 annually to operate each new facility space.
Commissioners will vote on a separate $413.6 million operating referendum next week, Ransford said.
That referendum is intended to support competitive compensation for staff members, fund the expansion and replication of academic programming across the district and enhance the student experience, Ransford said.
It would raise $50 million annually until 2031 and would propose a local property tax levy of no more than $0.25 on each $100 of assessed valuation.
Voters will have the chance to approve or deny both referendums in May 2023.
IPS says its Rebuilding Stronger plan will provide equal opportunities for all students and allow them to take care of necessary building maintenance and repairs.
The IPS board of commissioners approved the plan Thursday, Nov. 17.
-
Property taxes, crime and more: 1 on 1 with Republican Gubernatorial candidates
We asked all six of them the same questions about issues WRTV has previously reported on, hoping it will help Hoosiers make an informed decision when they cast their vote.
Meet Mike Vollmer — a member of the Indy Mini-Marathon Alumni Club
Mike Vollmer a member of the Indy Mini Alumni Club, a group of only 5 people who are able to say they've participated in every single race since 1977.
ACLU of Indiana sues Indiana University over campus bans resulting from protests
The ACLU of Indiana claims the university violated the First Amendment rights of three people who face a one-year ban from campus because they participated in the protests.
Lawrence officer arrested for domestic battery in Johnson County
A Lawrence police officer was arrested this week in Johnson County for domestic battery. He has been placed on administrative leave.
