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Presenter warns Senate Enrolled Act 1 could cost Crown Point schools about $18.5 million by 2031
Summary
A presenter said Indiana's Senate Enrolled Act 1 reduces net assessed property value and will lower school revenue tied to that value; Crown Point Community School Corp is projected to lose about $18.5 million through 2031, with phased implementation increasing the impact over time.
A presenter outlined how Indiana's Senate Enrolled Act 1 will change property tax calculations and reduce the taxable "net assessed value" that underpins school operations and referendum funding.
The presenter said the law "reduces what's called the net assessed value of property" and cautioned that because the changes are phased in, "the impact grows over time." The presenter added, "Crown Point is projected to lose approximately…
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