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Lake Central leaders warn SEA 1 could cut operations revenue and shift referendum timing
Summary
Superintendent Dr. Viracco told the Lake Central School Corporation board May 5 that Senate Enrolled Act 1 (SEA 1), a statewide property tax relief law, will change referendum scheduling and likely reduce local operations funding; district staff will analyze the financial impact and report back in mid‑June.
Superintendent Dr. Viracco told the Lake Central School Corporation board May 5 that the recently passed property tax relief law, referred to in the meeting as Senate Enrolled Act 1 (SEA 1), will move all school tax referendums to even‑numbered general elections and could materially reduce the district’s operations revenue.
The superintendent said the district’s operations budget—used for utilities, insurance, custodial services and other non‑classroom costs—relies heavily on property tax revenue and that a significant drop in that revenue could force the district to shift money historically used in classrooms to cover operations. “Remember, the property tax goes into…
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