Zionsville voters passed a referendum Tuesday night that will hike local property taxes to provide additional school funding.
The referendum will increase the local school tax to 24.44 cents per $100 of assessed value, which equates to an extra $239
per year for a $200,000 home.
The referendum carried about 57 percent of the vote.
The Zionsville School Board recently voted to cut what amounts to 17 full-time positions to help close a $2.5 million budget
shortfall, but some of those jobs could be saved by the additional funding.
Zionsville voters in November 2010 rejected a similar measure that would have increased the tax rate 29.5 cents, resulting
in the layoffs of 21 teachers and counselors.
Meanwhile, Johnson County taxpayers south of Indianapolis voted no Tuesday on a referendum to decide whether to help
finance a $30 million project to construct a new library in downtown Franklin, as well as renovate existing library buildings
in Franklin and White River Township.
The library system wants to issue bonds to finance the project, which would be mostly funded by an increase in the property-tax
rate of about 4 cents per $100 in assessed valuation.
The 70,000-square-foot library in downtown Franklin would include a two-level, 250-car parking garage.
The 20-year bond issue would cover roughly $25 million of the cost. The library would contribute $1.4 million, and the Johnson
County Redevelopment Corp. would provide $3.5 million to help fund construction of the parking garage.

















IBJ Conversations
1 Comments
Add Comment