INDIANAPOLIS — The Indianapolis Public School board of commissioners has approved a $410 million referendum to fund several construction projects as part of its Rebuilding Stronger plan.
Commissioners voted unanimously Tuesday night to move forward with the referendum, which includes the construction of a new elementary school and additions and renovations to multiple schools, among other items, according to a notice from the board's website.
Leases for the projects will be for a maximum term of 30 years with a maximum aggregate annual lease rental of $45 million, according to the notice.
The full notice can be viewed here:
Marc Ransford, a spokesman for IPS, says the referendum will "support new construction and renovations to expand and enhance the elementary and middle school experience (and) address critical deferred maintenance needs in some IPS-owned school facilities."
The total costs are estimated to be more than $267 million.
The notice also states that IPS expects to incur an increase of $301,715 annually to operate each new facility space.
Commissioners will vote on a separate $413.6 million operating referendum next week, Ransford said.
That referendum is intended to support competitive compensation for staff members, fund the expansion and replication of academic programming across the district and enhance the student experience, Ransford said.
It would raise $50 million annually until 2031 and would propose a local property tax levy of no more than $0.25 on each $100 of assessed valuation.
Voters will have the chance to approve or deny both referendums in May 2023.
IPS says its Rebuilding Stronger plan will provide equal opportunities for all students and allow them to take care of necessary building maintenance and repairs.
The IPS board of commissioners approved the plan Thursday, Nov. 17.
-
Former Center Grove teacher sentenced after Child Seduction conviction
Court records show Drew Garrison, 35, was sentenced to more than two years in prison and a year of probation on Sept. 13.First concerts of 2025 at Ruoff Music Center announced
On Monday, country music star Thomas Rhett announced his Better in Boots Tour for 2025 — which includes a June stop in Noblesville.Teacher assaulted, 19-year-old student arrested at George Washington HS
The teacher, according to court documents, suffered a cracked rib and a concussion from the attack...Haitians in Ohio find solidarity at church after week of false pet-eating claims
For many Haitian immigrants, Sunday mornings in Springfield, Ohio, are spent joyfully worshipping God as they sing and pray in their native Creole