Monroe County Schools plans $221M facility project without tax increase

The Monroe County Community School Corporation (MCCSC) Board of School Trustees convened on April 22, 2025, to discuss significant developments regarding the district's facilities and financial planning. The meeting highlighted the necessity for public hearings and resolutions related to a proposed bond issuance aimed at enhancing school facilities across the district.

Dr. Marquet Winston, the district's representative, emphasized the importance of strong educational facilities in fostering community vitality. He noted that the MCCSC has been proactive in assessing its facility needs since 2017, when it engaged CSO Architects for a comprehensive review. This ongoing collaboration has allowed the district to identify necessary upgrades and improvements, particularly in safety, technology, and educational spaces.

The proposed project, which could involve a maximum borrowing amount of $221.6 million, aims to fund renovations without increasing the historical debt service tax rate. Dr. Winston assured that the project would address critical needs while maintaining fiscal responsibility, as the district has consistently managed to keep one of the lowest tax rates in Indiana.

Brock Bauscher from Baker Tilly, the district's municipal advisor, provided insights into the financial aspects of the proposed project. He outlined the existing debt structure and explained how the district plans to issue bonds over the next decade to finance the improvements. Bauscher highlighted that the proposed financing strategy would target a debt service tax rate of 21.5 cents, ensuring minimal impact on taxpayers.

The discussions underscored the MCCSC's commitment to enhancing educational environments while being mindful of the financial implications for the community. As the district prepares for public hearings, it aims to engage with stakeholders to gather input and ensure that the project aligns with community needs.

In conclusion, the MCCSC Board's meeting marked a crucial step in addressing the district's facility needs and financial planning. The upcoming public hearings will provide an opportunity for community members to voice their opinions and contribute to the decision-making process, reinforcing the district's commitment to transparency and collaboration.