The Culver School Board held a public hearing Monday on the school corporation’s 2019 budget. Superintendent Karen Shuman says one of the major factors will be the outcome of next month’s property tax referendum. “So with those, we hope to be sustainable in all our funds, with the referendum passing,” she says.
The referendum asks voters for permission to raise property taxes by up to 17 cents per $100 of assessed valuation for an eight-year period. If it’s approved, school officials hope to spend $1.6 million of those revenues, as part of next year’s budget. That would supplement an Education Fund of almost $5.8 million. The Education Fund takes the place of the current General Fund, in Indiana’s new school funding structure set to take effect next year.
Meanwhile, the Capital Projects, Transportation, and Bus Replacement funds will be combined into an Operations Fund. The Culver Community Schools Corporation plans to budget almost $4.4 million for Operations next year.
Shuman says no one from the public offered any comments on the proposal during Monday’s hearing. The school board is scheduled to adopt the budget on Monday, October 15.
