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March 31, 2014  |   Comments (2)   |   Post a comment

Update: Indiana gov. signs bill on bus funding losses

By Thomas McMahon


INDIANAPOLIS — Gov. Mike Pence last week signed into law a bill that is designed to give flexibility to Indiana school districts facing transportation budget reductions.

As previously reported, House Bill 1062 will allow school corporations that have lost at least 10% of their transportation fund levies due to circuit breaker credits (property tax caps) to use money from other funds to pay for transportation through 2016.

"Maintaining transportation is a big concern for many Indiana schools," Sen. Randy Head, a co-sponsor of the bill, said when it passed the state Senate. "Legislators have been working hard to find a solution to the obstacles school corporations face. House Bill 1062 provides necessary relief to struggling school corporations, ensuring they are able to keep buses running to provide safe and reliable transportation for students."

The legislation also extends a financial relief bill for schools by allowing districts that lose at least 20% of their levies from circuit breaker credits to refinance existing debt. This statute expired in 2013, but HB 1062 extends it through 2018.

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Read more about: budget cuts, Indiana, taxes

I agree. Within the District we'll now take from any other budget line (rob Peter) to pay for transportation shortfalls (to pay Paul)? Smoke n' mirrors!

GSP    |    Apr 02, 2014 11:28 AM

How does this really help anything? So we can not take money from the general fund to pay for fuel? We could do that before. That just costs teachers jobs. We can take capital projects money to pay for buses? So we don't maintain our buildings as a result? That account has also been hit by the caps. This is just political pandering that makes it look like Pence has done something. This is does nothing but rob Peter to pay Paul. It is rearranging the deck chairs on the Titanic.

BP    |    Apr 02, 2014 07:31 AM

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