Lebanon schools face $950K revenue loss amid charter funding debate

Lebanon Community School Corporation faces a significant financial challenge as public schools in Indiana are projected to lose at least $744 million in revenue over the next three years. This alarming estimate was discussed during the recent school board meeting on April 15, 2025, where officials highlighted the implications of changes in the tax structure, particularly concerning local income taxes and property tax credits.

The board noted that Lebanon schools could see a loss of approximately $950,000 next year due to a recently increased homeowner tax credit, which was raised from $150 to $300. This change, made just days before the end of the legislative session, is expected to complicate funding for public education, as the ballot language for potential referendums has become increasingly unfavorable for schools.

In addition to the financial losses, the meeting addressed the ongoing challenges posed by charter schools. Public schools receive no operational funding from the state, relying entirely on property taxes, while charter schools receive $1,500 per student. This disparity raises concerns about the sustainability of public education funding, especially as public schools are now required to share referendum funds with charter schools, potentially leading to higher costs for taxpayers.

The discussion also touched on the broader narrative that schools must "do more with less," a sentiment that board members challenged, emphasizing that such a notion often leads to reduced services rather than increased efficiency.

Despite these pressing financial issues, the meeting also celebrated recent achievements in the district's arts programs. The theater department received praise for a successful performance, and various music ensembles earned gold ratings at recent competitions, showcasing the talent and dedication of Lebanon students.

As the board navigates these financial hurdles, the community remains hopeful for solutions that will support public education and ensure that students continue to thrive academically and creatively. The next steps will involve ongoing discussions about funding strategies and potential referendums to address the financial shortfalls facing Lebanon schools.