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South Madison board approves contract deals, homestead-credit allocation and textbook adoptions; accepts 88 nonresident students
Summary
Trustees approved three vendor contracts, a one-year allocation plan for supplemental homestead credits due to changes under Senate Bill 1, adopted pre-K and secondary textbooks and accepted 88 new nonresident students; officials also approved federal and state grants.
The South Madison Community School Corporation Board of Trustees voted to approve a package of administrative and instructional items at its meeting, including three vendor contracts, a district plan to allocate supplemental homestead-credit losses under state law, and multiple textbook adoptions. The board also approved acceptance of 88 new nonresident student applications.
Mr. McFarland, who presented the homestead-credit proposal, said the state’s change under Senate Bill 1 allows districts "upon an election to proportionally allocate the losses from those homestead credits... between the debt service and the operations fund." He told…
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