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Removed Local Control of Gen. Fund
Governor Bowen Gov. Bowen signs into law a bill which changes the way the general fund is constructed which now made it so the general fund was made up of 2/3 state controlled (funded by increased state sales tax) and 1/3 property tax (local). -
PL 217
Teachers permitted to collectively bargain. -
Foundation Type Formula
New formula for General Fund implemented: The dollar amount behind each child was subtracted off each local levy and whatever difference was what would be how much the state would supply. -
Additional Pupil Count
Additional funds delegated to districts to fund for SPED and Vocational Students. -
Bottom Up Equalization
Robert D. Orr Law signed into law by Robert D. Orr which attempted to give equal dollar amount behind every student to bring up under funded schools. -
Power Equalization Formula
Evan Bayh New formula implemented that would reward the effort of school districts to raise their own local, property tax dollars rather than rely on state dollars. -
Remonstrance and Petitions Implemented
Large Capital Projects could now be petitioned for or against by the community. -
Assessed Value Modified
Method of Assessing Property was deemed Unconsitutional. New AV determination implemented which meant less property was assessed, which subsequently and inadvertently raised prop taxes for many homes. -
Gen. Fund Modified
Frank O' Bannon General Fund modified again to reduce property tax contribution. New ration is 80% state/20% local. -
Prop Tax eliminate from Gen. Fund
Mitch Daniels Property Taxes completely eliminated from General Fund. 100% of General Fund now from state. -
School Voucher Program
Education
"A statewide school voucher program was enacted. Children in homes with an income under $41,000 could receive vouchers equal to 90% of the cost of their public school tuition and use that money to attend a private school. It provides lesser benefits to households with income over $41,000. The program will be gradually phased in over a three-year period and would be available to all state residents by 2014"
