Operating Referendum Proposal · 2020-02-23 · Follow us @bcscschools on Facebook, Twitter, and...

May 5, 2020

Operating Referendum Proposal

www.bcscschools.org Follow us @bcscschools on Facebook, Twitter, and Instagram

Doing more…in more ways…for more students…more efficiently.



New teachers hired since 2012:

608

Indiana Public Education Funding Process


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

Indiana Public Education Funding Process


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

Administrator Comparisons



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


2019 GapsBudget$0.3158Location$0.2531IN Mean$0.2265Assessed Value$0.2120

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)


•100% of the money will support employee retention and student safety

A Closer Look

1. Implement substantial teacher retention increases to reduce teacher turnover ($42.4M or 67.9%)

Employee Retention and Recruitment


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

Employee Retention and Recruitment


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%)

Student Safety and Security



Proposed Expenditures by Category


•Cost to the average homeowner is $7.79/month

A Closer Look


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


Referendum proposalBCSC 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


Process

Board Presentation

Board Approval

VoterRegistration

DeadlineElection day

MondayDec. 16

MondayJan. 13

MondayApr. 6

TuesdayMay 5

TuesdayApr. 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/

Questions?


Operating Referendum Proposal · 2020-02-23 · Follow us @bcscschools on Facebook, Twitter, and...

Documents

Transcript of Operating Referendum Proposal · 2020-02-23 · Follow us @bcscschools on Facebook, Twitter, and...