IPS votes to send $1B-worth of funding referenda to May ballot

INDIANAPOLIS -- The Indianapolis Public Schools Board of Commissioners voted unanimously Thursday night in favor of capital and operating referenda.

IPS officials said the approximately $1 billion plan to improve special education resources, teacher raises and building improvements would cost the average taxpayer about $28 per month.

IPS hasn't asked for a referendum in nine years, but it's asking for two. 

One is an operating referendum to generate $92 million annually for eight years. The other is a total of $200 million. Overall, $736 million will go toward operating expenses plus the $200 million for capital, which brings the amount to a total of $936 million. 

The referendum is being proposed now because IPS received $24 million less in state and federal funding since 2010, and $16 million less in local funding since 2011.

On Thursday, the board of commissioners voted to send both referenda to Marion County voters during the 2018 primary election in May.

For more information about the referenda, click here.

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