INDIANAPOLIS -- Indianapolis Public Schools are planning to ask taxpayers for nearly $1 billion to cover school improvements and operating expenses over the next eight years, which would mean a large tax jump for most homeowners.
The money is being requested in the form of two referendums.
One referendum would generate $200 million per year for capital projects like deferred maintenance, renovating school facilities, upgrading equipment and making safety enhancements to buildings and classrooms.
The second referendum would give the district an additional $92 million each year to recruit and train teachers and pay for special education services.
For the owner of a median-priced home valued at around $125,000, the increases would mean they would pay an additional $28 each month or more than $340 per year on their taxes.
“We have the opportunity to really invest in our people,” said Young. “Make sure we can provide our staff with a two percent cost of living adjustment that they’re entitled to, they should receive.”
Without the additional funding, the district says it could be forced to freeze teacher and employee salaries, reduce transportation and decrease special education services.
The IPS Board of Commissioners still needs to approve both of the referendums before either of them can appear on the ballot.
If they’re approved, both would appear on the ballot May 8th.
The district will hold public meetings Dec. 12 and 14 to take public input before the school board votes on the measures.
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