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Lake Central officials outline effects of new state property tax law and limits on teacher appreciation grants
Summary
Superintendent Dr. Bracey told the Lake Central School Board that Indiana’s recently enacted property tax reform and changes to teacher appreciation grants will complicate district budgeting and limit how bonuses can be distributed to staff.
Dr. Bracey, superintendent of Lake Central School Corporation, told the school board Monday that the recently enacted state property tax legislation will change how school referenda are scheduled and complicate district revenue planning.
"They are now law. The first being SCA 1, Senate Enroll Act 1, property tax reform," Dr. Bracey said, adding that "all referenda have been moved to general elections in even numbered years after 2025." He said the district will need…
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