I'll be totally honest, I don't know a lot of the details on this referendum. So, I'll post some thoughts to start the conversation but would really like those who know some details to get engaged in the conversation and catch us all up.
Post Tribune story today on meeting last night.
Due to the regulations imposed under HEA 1001 in 2008, schools may no longer unilaterally decide to issue new debt for construction. The bond proposed by Boone Grove Schools is $34 million and there seems to be some debate about priorities, order of construction, and need. I would be very pleased to have the Superintendent or opposition join us here to engage the issue.
This referendum, will be the first test in Porter County of the new laws governing school debt and construction. Remember that in 2009 the state takes over the schools' general fund with taxes raised from increased sales tax and income tax.
Thursday, April 02, 2009
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