INDIANAPOLIS -- Indianapolis Public Schools is moving ahead with one of its plans to ask Indy homeowners to agree to a tax hike to support city schools.
The capital referendum now will allow the district to raise $52 million for school safety projects and maintenance instead of $200 million they were initially going to ask for.
@ips plan to raise $52 Million for school security would cost homeowner an extra $15.94 more a year in taxes on a home valued at $123,500 .@rtv6 pic.twitter.com/Psy7ka47Nd
— Rafael Sánchez (@RafaelOnTV) June 6, 2018
Under the new plan, someone who owns a home valued at more than $123,000 would see their taxes go up about $16 each year.
The $52 million would be used for capital expenses including 2,500 retrofitted doors, new lighting and strengthening windows with a special film and fire safety improvements across the district.
Here’s the breakdown on what an @IPSSchools $52 million proposal would cost you if you approved it at the ballot box in November .@rtv6 pic.twitter.com/v8M72jvTOD
— Rafael Sánchez (@RafaelOnTV) June 6, 2018
The district is still working with the Indy Chamber on what it will request as part of its operating referendum which will help with teacher salaries. That additional figure will likely increase the proposed tax hike.
Those numbers could be available by the end of June or early July.
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