Oper Operating Referendum ndum Proposal oposal Ma May 5, 5, 2020 - - PowerPoint PPT Presentation

Ma May 5, 5, 2020 2020

Oper Operating Referendum ndum Proposal

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Doin ing more…in in mor more ways ways…for mor more studen udents…m s…more eff efficiently.

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New teachers hired since 2012:

608

In Indiana Public lic Educ ducation ion Fundi Funding ng Pr Process

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State Funding = Education Fund

Teachers and classroom supplies, etc.

Debt Funds

Payments for facility improvements such as building renovations and the soccer field construction

Local Property Taxes = Operations Fund

Operating expenses such as custodians, utilities, technology, and transportation

In Indiana Public lic Educ ducation ion Fundi Funding ng Pr Process

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State Funding = Education Fund

Teachers and classroom supplies, etc.

Debt Funds

Payments for facility improvements such as building renovations and the soccer field construction

Local Property Taxes = Operations Fund

Operating expenses such as custodians, utilities, technology, and transportation

Local Property Taxes = Referendum 2020

For any purpose approved by the Board and voters

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Admi Admini nistrator tor Compari Comparisons

• ns

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Changes in Indiana law mean that BCSC schools have collected $46M less since 2009 than if the law remained unchanged.

• Property tax caps $2.5M in 2020
• State funding reduction $3M in 2010
• Funding formula shift $ to more affluent
• Complexity definition changes

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2019 2019 Gaps Gaps

Budg Budget et $0.3158 $0.3158 Locat cation $0.2531 $0.2531 IN IN Me Mean an $0.2265 $0.2265 Assessed Assessed Va Value $0.2120 $0.2120

Re Referendum Pr Proposal

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BCSC proposes a property tax rate increase of $0.1560 per $100 of assessed value to increase teacher and support staff salaries and improve student safety. Rate remains below the Indiana average and in similar districts 100% goes towards employee salaries and student safety $7.79/month for an average homeowner (less than $100/year)

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• 100% of the money will support employee

retention and student safety

A Cl Closer

• ser Look

Look

• 1. Implement substantial teacher retention increases to

reduce teacher turnover ($42.4M or 67.9%)

Em Emplo ployee ee Re Retention and and Re Recruitment

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2. Increase support staff pay ($11.6M or 18.6%)

• Average 9.4% increase for 95 bus drivers
• 4‐10% increase for other support staff
• Average 7.3% increase for ~900 FT and PT employees

Em Emplo ployee ee Re Retention and and Re Recruitment

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3. Update bus fleet ($3.8M or 6.1%) 4. Sustain Counseling Counts mental health and social‐emotional health Pre K‐12 ($3.2M or 5.1%) 5. School Resource Officers ($1.5M or 2.3%)

Studen Student Saf Safety ty and and Security Security

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Pr Proposed Expendi Expenditures by by Ca Categor gory

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• Cost to the average homeowner is

$7.79/month

A Cl Closer

• ser Look

Look

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Monthly tax impact

Home assessed value $113,100 $141,800 $298,800 ‐ homestead deduction ‐$45,000 ‐$45,000 ‐$45,000 ‐ supplemental deduction ‐$23,835 ‐$33,880 ‐$88,830 ‐ mortgage deduction ‐$3,000 ‐$3,000 ‐$3,000 Net assessed value $41,265 $59,920 $161,970 x $0.156 rate per $100/month $5.36 $7.79 $21.06

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Referendum proposal

BCSC proposes a property tax rate increase of $0.1560 per $100 of assessed value to increase teacher and support staff salaries and improve student safety. Rate remains below the Indiana average and in similar districts 100% goes towards employee salaries and student safety $7.79/month for an average homeowner (less than $100/year)

REMINDER

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Process

Board Presentation Board Approval Voter Registration Deadline Election day

Monday

• Dec. 16

Monday

• Jan. 13

Monday

• Apr. 6

Tuesday May 5 Tuesday

• Apr. 7

Early Voting Begins

Access more information, a tax calculator, and FAQ at: www.bcsc.k12.in.us/referendum Register to vote: indianavoters.in.gov/

Ques Questions?

• ns?

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