– Review/2017 Renewal? Referendum Fund

 Current referendum of $3,500,000 was passed by SACS taxpayers on April 21, 2009 with 70.49% constituent support.  This referendum was a renewal of prior referendums passed in 2003 and Referendum Fund Information

 Renew the referendum at a tax levy of $3,500,000  Simplify the referendum to include three budget categories:  Instruction – Teachers  Guidance Counselors  School Resource Officer(s)  These positions would support our goals of maintaining class sizes, programs, curricular and elective offerings, counselors and safety Proposed 2017 Referendum

Proposed Referendum Budget Budget CategoryAmount Elementary School (23.00 FTE)$1,621,000 Middle School (11.50 FTE)777,000 High School (14.29 FTE)946,000 Counselors (2.08 FTE)157,500 School Resource Officer(s) (1.00 FTE)60,000 TOTAL BUDGET (51.86 FTE)$3,561,500

 2016 will be the 7 th year of the current referendum  A new (renewal) referendum will need to be approved during the 2016 primary or general election to insure no break in funding for the referendum objectives  The School Board will need to pass a resolution to initiate the referendum process and set the procedure in motion, i.e. DLGF review and approval, county council and circuit court clerk (no later than 74 days prior to election), county election board places question on ballot Referendum Timeline

 The tax rate we would propose on the ballot question would be $0.15, however I would anticipate the actual tax rate to be at $0.135 or lower to generate the $3,500,000 needed based on current AV.  We anticipate the actual taxes paid by SACS taxpayers on existing property to about the same as they are paying right now. Referendum Fund Tax Rate

 For the seven (7) calendar years immediately following the holding of this referendum, shall the M.S.D. of Southwest Allen County impose a property tax rate that does not exceed fifteen cents ($0.1500) on each one hundred dollars ($100) of assessed valuation and that is in addition to all other property tax levies of the school corporation for the purpose of renewing the levy provided by the existing Referendum Tax Levy Fund in order to continue to maintain lower class sizes, a safer school environment and current program levels by providing funding for the wages and related benefits of a portion of the school corporation’s teachers and guidance counselors and the contractual services of the school corporation’s resource officer?” Referendum Question

Questions

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