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.
-
Secretary of State asking for citizenship verification for over 500,000 voters
The letter cites concerns from voters and local election administrators. They are concerned about the increase in absentee ballot requests from overseas.Meet the Fearas Tour: A home in Irvington dedicated to Taylor Swift's Eras Tour
In just 15 days Taylor Swift will bring her Eras Tour to Indianapolis, but a couple of Hoosiers have been working hard to feel her spirit even sooner.Delphi murders trial judge to hear evidence on Odinism without jury present
As part of the ruling, the defense team’s evidence about those theories will be presented in front of Judge Gull, but the jury will not be present.Chicken and meat recall hits Central Indiana stores
The USDA announced that protein producer BrucePac was recalling over 11 million pounds of ready-to-eat meat and poultry products that could contain listeria monocytogenes.