[1. Meeting Opening ]
[00:00:09]
PLEASE STAND FOR THE PLEDGE OF ALLEGIANCE. THANK YOU ALL FOR JOINING US THIS MORNING. FOR THOSE OF YOU THAT ARE ONLINE, YOU WILL SEE THE PRESENTATION AFTERWARDS, IT WILL BE LOADED FOR YOU TO SEE. DURING THIS TIME, YOU MAY NOT SEE THE SLIDE WE ARE TALKING THREE BUT YOU WILL CERTAINLY HEAR OUR CONSULTANT BE ABLE TO SPEAK TO IT. JUST KNOW THAT THE SLIDES WILL BE LOADED ONLINE AFTER THE MEETING IS OVER. I WOULD LIKE T RECOGNIZE SARAH PARKS-REESE, WH IS CALLING AND AND IS ON LINE, JOINING US TODAY. THE REST OF THE BOARD MEMBERS ARE SITTING HERE IN THE SAME ROOM. AS WE AR GETTING THE PRESENTATION LOADED ONCE WE HAVE THAT READY, STEVE, WE WILL START.
[2. Information Items ]
>> TO CONTINUE THE REFERENDUM. NOW YOU HAVE CHOICES ON CONTINUING OF THE REFERENDUM. THE LANGUAGE OF THE THAT THE QUESTION, PART OF IT IS DETERMINED BY THE STATE. PART O IT IS DETERMINED BY YOU FOLKS. WE HAVE SUGGESTIONS HERE THAT AND WE WILL BE ABLE TO TWEAK THINGS YOU GET TO CHOOSE OUR HO MANY YEARS, MAXIMUM RATE. EVERYBODY ALWAYS PICKS THE MAXIMUM. YOU HAVE THE ABILITY T CHOOSE WHAT RATE IT IS GOING TO BE UP TO, THE RATE YOU ARE AT NOW. THE RATE YOU ARE AT NOW WITH A MAXIMUM RATE OF 22.75 CENTS HAS BEEN THE RATE SINCE THE REFERENDUM PASSED IN 2016. 22.75 IS A MAXIMUM RATE. YOU ALWAYS HAVE THE ABILITY AS VALUES CHANGE TO LOWER THAT RATE. YOU HAVE A ONCE A YEAR OPPORTUNITY TO EVALUATE WHERE THAT IS. SEVEN COMMUNITIES HAVE MECHANISMS IN PLACE AND INVOLVE THE PUBLIC WITH THAT DECISION . YOU HAVE COMPLETE CONTROL OVER THAT RATE UP TO THE LEVEL THAT IT IS IN THE BALLOT QUESTION.
ONE OF THE OPTIONS IS TO LOWER IT IN THE BALLOT QUESTION BASE UPON SOME THINGS WE ARE GOING T SHOW YOU. WE WILL SHOW YOU WHAT THE EFFECT OF THAT WOULD BE. TH NEXT THING IS THE REVENUE SPENDING PLAN ALSO HAS TO BE PASSED ON THE 12TH TWO TWO DLG IS OUT HOW YOU ARE GOING TO SPEND THE MONEY BUT IT ALSO HAS TO MATCH CLOSELY, NOT EXACTLY THE BALLOT QUESTION THAT HAS TH PURPOSE FOR THE PURPOSE OF SHOULD BE REFLECTED OVER THE REVENUE SPENDING PLAN. YOU TO HAVE THE ABILITY TO ADJUST THE REVENUE SPENDING PLAN, AS WHEN LAWYERS WILL TALK TO YOU ABOUT
IT. >> FOR CLARIFICATION, CAN YOU STATE THAT FIRMLY ONE MORE TIME THAT THAT RATE, THE HIGHEST RAT
>> EVEN IF IT IS APPROVED AND GOES THROUGH THE REFERENDUM, THIS IS A SEVERAL YEAR REFERENDUM . EVERY YEAR, WE CAN
DECIDE TO GO THE WAY. >> FOR INSTANCE, AS WE ARE ABOU TO SHOW YOU, WITH FUNDING FROM THE STATE IS VERY LOW. IF THE STATE SUDDENLY HAD AN EPIPHANY FOR HAMILTON SOUTHEASTERN AND DECIDES TO SEND YOU A LOT MORE MONEY MOLECULAR SCHOOLS, THEN YOU COULD LOWER THAT RATE TO ZERO IF YOU WANTED TO. IT IS COMPLETELY UP TO YOU. SO, EVERY YEAR, YOU HAVE THE OPPORTUNITY TO ADJUST THAT. I HAVE DEALT WITH COMMUNITIES THAT HAVE NEVE BEEN AT THE MAXIMUM RATE BECAUS THEY SET IT SO HIGH. THEY WERE
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AT 37 EVERY YEAR WHEN THEY DID THEIR CONTINUING REFERENDUM,THEY JUST LOWERED IT FROM 42. >> IT WOULD BE GOOD TO POINT OU TO SUZANNE'S POINT WE WOULD ALWAYS TRY TO, OBVIOUSLY, ONLY USE WHAT WE NEEDED TO THINK WE WOULD ALL AGREE IS A BOARD THAT EVERY YEAR, WE WOULD COME IN, LOOK AT THAT, TRY TO MAKE IT AS LOW AS POSSIBLE FOR THE COMMUNITY.
>> THAT IS SOMETHING THAT GOES ON LATER IN THE YEAR 20 BUDGET PROCESS. AFTER YOU'VE GOTTEN AL THE DATA IN, WE ARE STILL EVALUATING THE EFFECTS OF THE LAST LEGISLATIVE SESSION AND SOME OF THE THINGS THAT OCCURRE AND HOW THAT AFFECTS YOU. IT HA BEEN FRUSTRATING TO TRY TO KNOW WHAT THOSE ARE. WE WILL GET THERE AT SOME POINT.
GOES UP THAT IS LIKE A COMMERCIAL BREAK SLIDE LIKE THE
DANCER CARTOONS GO BY. >> SPEAKING OF STATE FUNDING, THIS SCATTER CHART REPRESENTS EVERY SCHOOL, TRADITIONAL PUBLI SCHOOL, CORPORATION, PUBLIC CHARTER SCHOOL CORPORATION AND VIRTUAL CHARTER IN THE STATE OF INDIANA. THERE ARE 371. THE LOWEST FUNDED SCHOOL SYSTEM OF ALL OF THOSE IN THE STATE OF INDIANA IS ZIONSVILLE AT $6280.00. THE STATE AVERAGE IS $7011.00 THIS YEAR. AS WE GO THROUGH SOME OF YOUR NEIGHBORS AND SOME OTHER SCHOOL CORPORATIONS, YOU WILL SEE TYPE OF TRADITIONAL PUBLIC SCHOOLS, THESE ARE ALL TRADITIONAL PUBLI SCHOOLS AND WHERE THEY ALL FALL SO, YOUR NEIGHBORS, NOBLESVILLE 337, AVON AT 345, THAT IS OUT O 371. GARY IS THE TOP FUNDED TRADITIONAL PUBLIC SCHOOL CORPORATION NUMBER NINE AT 8442 THERE ARE SEVEN CHARTER SCHOOLS ABOVE THAT. AS A SIDE NOTE, THA STATE AVERAGE, 70% OF THE CHARTER SCHOOLS ARE ABOVE THAT.
75% OF THE PUBLIC SCHOOLS ARE ABOUT THAT, JUST IN THE WAY THA IT ALL WORKS OUT. THERE IS WHER HAMILTON SOUTHEASTERN IS THIRD FROM THE BOTTOM AT 369. SO, IF YOU WERE AVERAGE AND THE STATE CONSIDERED YOU AVERAGE, THAT WOULD BE WORTH AN ADDITIONAL $13.5 MILLION A YEAR ACROSS GEORGIA 20,500 STUDENTS. SO, TH DIFFERENCE BETWEEN THE AVERAGE AND HAMILTON SOUTHEASTERN UP PRETTY QUICKLY WHEN YOU'VE GOT THAT MANY STUDENTS.
>> CAN YOU RESTATE THE AVERAGE AGAIN OUT LOUD?
>> 7011 IS THE AVERAGE. WE HAVE BEEN THE THIRD LOWEST, THAT HAS BEEN THE STATISTICS IN ALL MY PRIOR PRESENTATIONS TO THE
BOARD. >> WITH THESE SLIDES BE
AVAILABLE TO THE PUBLIC ? >> I'VE GOT THEM ON A PDF. IT WILL GO ON BOARD DOCS. OKAY. TH OTHER THING YOU SHOULD KNOW IS THAT ALL OF THOSE SCHOOLS ALL OF THOSE SCHOOLS THAT ARE UP THERE THAT ARE SHOWING, INCLUDING YOU, HAVE PASSED
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OPERATING REFERENDUMS AND HAVE THEM IN EFFECT, WE. THOSE ARE ALL FROM NUMBER NINE CLEAR DOW TO 371, NO MATTER WHERE THEY FALL IN THE STATE FUNDING, SCHOOLS ARE USED IN OPERATING REFERENDUMS TO PROVIDE THE KIND OF SERVICES THAT THEY CARE TO DO. SO, THIS IS YOUR TAX RATE HISTORY. THE TOP NUMBER ACROSS THOSE BARS FROM 2017 TO 2023 SHOWS HOW YOUR TAX RATE TODAY I LOWER, FAIRLY SIGNIFICANTLY, COMPARED TO WHAT IT WAS WHEN YO FIRST ASKED THE REFERENDUM. SO, THROUGHOUT THE COURSE OF THE HISTORY OF THE REFERENDUM, YOU ARE NOW DOWN AT $1.18. THE CONSISTENT THING IS, YOU HAVE ALWAYS COLLECTED THE FULL 22.75 CENTS FROM THE OPERATING REFERENDUM. THAT ALLOWS YOU MOR FLEXIBILITY WITH YOUR OTHER FUNDS TOO SO YOU CAN, SO YOU CA GO OVER IT LIKE YOU DID TO OPERATING REFERENDUM MONEY HAS LOT MORE FLEXIBILITY. SO, THE THING, THOUGH, THAT IS HAPPENIN IN THE COMMUNITY, THOUGH, IS TH VALUE, THIS IS A PARCEL BY PARCEL ANALYSIS DONE BY POLICY ANALYTICS GOING BACK TO 2012 OF EVERY PARCEL IN YOUR SCHOOL DISTRICT AND LOOK AT WHAT THE MEDIUM AVERAGE IS. 50% OF THE TAXPAYERS ARE ABOVE THESE NUMBERS WITH THEIR HOMESTEADS AND 50% ARE BELOW. SO, YOU CAN SEE WHERE THAT HAS GONE. IT IS BASICALLY A 50% INCREASE FROM 2017 TO 2023. SO, THE RESULT O THAT IS OF THE AMOUNT OF FUNDS THAT YOU COLLECT ON THE REFERENDUM HAS ALSO GONE UP FRO 2017 THE 2023. SO, YOU ARE COLLECTING JUST UNDER $10 MILLION MORE THAN YOU WERE. SO, THE BALLOT QUESTION. THIS IS WHAT YOU WILL BE DECIDING IN YOUR REFERENDUM RESOLUTION ON JULY 12TH. THIS IS THE NOTICE FOR THAT. THIS IS THE WORKING QUESTION THAT HAS BEEN TWEAKED MULTIPLE TIMES BY THE FINANCE FOLKS AND LAWYERS AND SO ON AN SO FORTH. RIGHT NOW, THAT IS WHAT WE ARE WORKING ON. CHANGES CAN STILL BE MADE TO THE PORTIO THAT IS UNDERLINED, OKAY? SO, THE EIGHT YEARS IS ALSO FLEXIBLE. BUT, I CAN'T IMAGINE THAT YOU WOULD WANT TO CHANGE THAT BECAUSE WHO KNOWS WHAT IS GOING TO HAPPEN EIGHT YEARS FRO NOW. BUT, THE RATE IS NOT IN TH QUESTION ANYMORE. WE PUT IT IN THE QUESTION. SO, THE RATE IS THERE BECAUSE WE ADDED IT TO TH POTION WE ARE ALLOWED TO ADD IT TO. AND , THEN IT DISCUSSES WHA THE PURPOSE OF THE REFERENDUM IS, WHICH IS, IN SOME PARTS, REFLECTIVE OF WHAT YOU ARE USIN IT FOR NOW, THE SAFETY INITIATIVES IS SOMETHING WE WIL DISCUSS HERE IN A LITTLE BIT.YOU HAVE BEEN USING IT TO IN IT CLASS SIZES. OUR CLASS SIZES AR SIGNIFICANTLY REDUCED FROM WHAT THEY WERE PRIOR TO THIS REFERENDUM. CAN YOU HAVE TALKED ABOUT THAT BEFORE.
>> PRE-REFERENDUM, KINDERGARTEN STARTED AT 23 AND WE WERE USING RANGES AS OPPOSED TO TARGETS. TARGETS, I BELIEVE FROM UNDERSTANDING FELT LIKE IT COUL BE MORE EXPLICITLY COMPARED.
SAYING A TARGET OF 21 IN KINDERGARTEN IS A LITTLE DIFFERENT THAN A RANGE OF 21 TO 25 POUNDS, OBVIOUSLY, YOU ARE GOING TO BE AT THE TOP END OF THE RANGE BEFORE YOU START ADDING STAFF. THAT IS WHERE WE USED TO TARGETS IN K-6 EXPLICITLY, SEVEN THROUGH 12 GE A LITTLE DIFFERENT BECAUSE OF JUST THE STRUCTURE OF HOW THE SCHEDULE IS BUILT. SO, STARTING AT 23 IN KINDERGARTEN AND NOW THEY START AT 21.
>> IF I COULD CLARIFY A LITTLE BIT, I THINK ONE OF THE COMMON QUESTIONS WE GET OR A MISUNDERSTANDING OUT THERE IS NOT THIS IS A NEW TAX, THIS IS SOMETHING THAT DIDN'T EXIST BEFORE AND WE ARE TRYING TO ADD A NEW THING. COULD YOU TALK A LITTLE BIT THAT THAT IS NOT THE CASE?
>> THIS IS A CONTINUATION. IN 2016, YOUR BALLOT QUESTION BASICALLY LOOKED LIKE EVERYTHIN DOWN TO THE QUESTION AFTER IT SAYS EVALUATION WITH DIFFERENT PURPOSES. IT LOOKED DIFFERENT.
THIS IS NEW LANGUAGE ADDED IN THE SPRING LEGISLATIVE SESSION OF 2021, WHICH IS REALLY INACCURATE. WE HAVE TRIED TO GE THIS CHANGED IN THE LAST SESSION. PASSED THE SENATE WITH HUGE NUMBERS BUT NEVER GOT TO SEE THE LIGHT OF DAY IN THE HOUSE. BUT, THIS NUMBER DOWN HERE, THIS 23.68%, PEOPLE READ
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THAT AND THINK THIS IS A 24% INCREASE IN MY TAXES. IT'S NOT.WE WILL SHOW YOU IT NEVER HAS BEEN A 24% INCREASE IN YOUR TAXES. WE WILL SHOW YOU THAT HERE IN ANOTHER SLIDE.
>> A QUICK, JUST TO BE ABLE TO HAVE CONTINUATION LANGUAGE THAT MADE IT VERY CLEAR THAT IT WAS CONTINUATION AND, IF YOU DECREASE, YOU THAT EXPLICITLY. WE NO LONGER LEGALL CAN SPEAK THAT WAY. THIS IS MANDATORY LANGUAGE IN THE KNOWLEDGE THAT STEVE HAS TALKED ABOUT. SO, IT DEFINITELY MAKES COMMUNICATION WITH THE COMMUNIT MUCH, MUCH MORE IMPORTANT BECAUSE THE QUESTION IS MISLEADING.
>> AGAIN, IN LAYMAN'S TERM FOR THE KIND OF QUESTIONS WE GET OU IN THE PUBLIC AS WE ARE OUT, TO PUT IT CLEARLY AGAIN, THERE IS AN EXISTING TAX THAT WILL END, THAT WILL GO AWAY IF WE DON'T CONTINUE THIS AND IF THIS IS PASSED, IT WOULD SIMPLY CONTINU WHAT HAD ALWAYS EXISTED. WE AR NOT LOOKING TO ADD ANY NEW TAX, WE ARE NOT LOOKING TO INCREASE ANYTHING, EVEN THOUGH THE WORD INCREASE IS IN FOUR TIMES, WE ARE LOOKING TO SIMPLY MAINTAIN.
THANK YOU. >> AND KEEP YOUR SCHOOL FUNDING STABLE. OTHERWISE, YOU WOULD HAVE A $26 MILLION GAP IN THE BUDGET, WHICH IS SIGNIFICANT. I WANTED TO EXPLAIN THE 24%, NO, WHERE IT IS COMING FROM. THIS I A VERY SIMPLE EXPLANATION. IT I NOT , IT IS NOT THE WAY THAT IT IS ACTUALLY FIGURED. THERE IS A WORKSHEET TO FIGURE THAT TO 24% IT REQUIRES POLICY ANALYTICS TO COME WITH THAT AVERAGE ASSESSED VALUE FIGURED AS A MEAN INSTEA OF AS A MEDIUM. IT REQUIRES AN AVERAGE TAX RATE YOU HAVE IN MIND TAX DISTRICTS AND SCHOOLS THAT HAVE A RANGE IN TAX RATE.
I'M NOT TALKING THE OVERALL TAX RATE, NOT JUST YOURS. IT IS DIFFERENT WHERE THE NOBLESVILLE IS AS OPPOSED TO FISHERS. SO, YOU TAKE A MEAN AVERAGE OF THOS TAX RATES, THEY ARE NOT WEIGHTED BY HOW MANY TAXPAYERS THERE ARE, IT IS NOT ACCURATE, IS MY POINT. BUT, IN A VERY SIMPLE WAY, KIND OF SIMPLE TO TRY TO UNDERSTAND THAT. LET'S EXAMINE THIS 2023 COLUMN, IF WE COULD. AND, YOU SEE THE 22.75, WHICH IS THE REFERENDUM AND THE THE POTION ONTO THAT CITY $.96 THAT YOUR OTHER TAXES ARE. THAT IS YOUR OPERATIONS FUND, BASICALLY, GEORGE DEBT SERVICE AND YOUR PENSION. ANY OTHER TAX RATES THAT YOU HAVE OTHER THAN THE REFERENDUM ARE IN THAT YELLOW, OKAY? SO, THAT WOULD BE IN THE MINDSET OF THE LEGISLATURE, THE MONEY THAT YOU WOULD BE COLLECTING IF YOU DIDN'T HAVE THIS OPERATING REFERENDUM. THE REALITY IS YOU WOULD BE COLLECTING MORE BECAUS HE WOULD HAVE TO TO TRY TO OFFSET THIS. BUT, IT IS GOING T COME AT A PRICE, WITH INTEREST. BUT, THE WAY THEY FIGURE THAT 24% IS IF YOU THINK ABOUT THAT ORANGE SECTION AND WHAT PERCENTAGE THAT IS OF THE YELLO SECTION, IT IS 24%, OKAY? SO, THAT IS HOW THEY COME UP WITH THAT NUMBER. IT IS THE AMOUNT O MONEY YOU ARE RECEIVING 24% MOR THAN YOU WOULD RECEIVE IF THE REFERENDUM WASN'T THERE, BASED UPON THE EXISTING AMOUNT OF
TAXES THAT YOU HAVE, OKAY? >> THAT INCLUDES DEBT SERVICE A WELL. WHICH CANNOT BE USED FOR OPERATIONAL DISPENSES.
>> THE REALITY OF HOW THIS IS FIGURED IS DIFFERENT. IN THE END, IT ALWAYS WORKS OUT TO BE THIS, OKAY? THEN THEY DO IT FOR BUSINESSES TOO. IT IS SLIGHTLY DIFFERENT FOR THAT. IT IS STILL
JUST ABOUT 24%. >> TECHNICALLY, CORRECT ME IF I'M WRONG, PLEASE, KATIE, BUT, THE FUNDS THAT WE WOULD BE ONLY ABLE TO USE IS THE EDUCATION FUND AND THE OPERATION FUND. IT WOULD NOT AFFECT ALL THE OTHER FUNDS, IS THAT CORRECT?
>> WE ARE NOT AFFECTING THOSE OTHER FUNDS IN ANY WAY ANYWAY WITH THE REFERENDUM. THE REFERENDUM GIVES YOU THE FLEXIBILITY TO SPEND ACROSS BOT EDUCATION AND OPERATING AS A
TAX COLLECTED -- >> THOSE ARE THE ONLY TWO FUNDS THAT IT WOULD HELP ASSIST, CORRECT?
>> WE ARE NOT USING IT TO PAY DEBT, CORRECT.
>> AND ALSO, CAPITOL. THIS IS NOT A CAPITOL REFERENDUM.
>> YOU HAVE THREE BASIC FUNDS. YOU'VE GOT I'VE GOT A LITTLE FINANCE 101. YOU'VE GOT EDUCATION FUND, THE OPERATING FUND, WHICH IS, YOU KNOW, BUSES AND THOSE KINDS OF THINGS, THEN
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YOU HAVE THE DEBT, WHICH IS YOU CAPITOL PROJECTS. IN INDIANA, YOU CAN ONLY TAX WHAT YOU SPEND IN A YEAR. YOU CAN'T SAVE UP YOUR MONEY TO BUILD A $20 MILLION ELEMENTARY SCHOOL, YOUHAVE TO BOND FOR IT. >> AGAIN, FOR LAYMAN TERMS FOR PEOPLE OUT THERE, THIS, THE MONEY GENERATED FROM THIS REFERENDUM CANNOT BE USED FOR THINGS LIKE A NEW FOOTBALL STADIUM OR NEW SIDEWALKS, IT CANNOT BE PHYSICAL CONSTRUCTION
BUILDING PROJECTS. >> YOU ARE NOT SETTING IT UP TO
DO THAT. >> THIS IS FOR SALARIES, OPERATING COSTS, DAY-TO-DAY OPERATIONAL TYPE THINGS.
>> JUST , SYNTHESIS LIVE STREAMED, I WANT TO MAKE A TECHNICAL CORRECTION. IF YOU PU THAT IN THE BALLOT QUESTION THA WILL BE USED TO PAY DOWN DEBT O SOMETHING ALONG THAT LINE, IT CAN BE USED FOR THAT BUT YOU AR NOT DOING THAT. SCHOOLS THAT HAVE BEEN IN FINANCIAL TROUBLE HAVE USED AN OPERATING REVENUE.
PUT IN THE LANGUAGE? >> AND WHAT YOU PUT IN YOUR REVENUE SPENDING PLAN. TO MAKE TWEAKS TO THAT BUT NOT TO THAT
EXTENT. >> KATIE, IT LOOKED LIKE HE
NEEDED TO SAY SOMETHING. >> NO.
>> ALL RIGHT, THANK YOU. >> THIS IS ANOTHER EXAMPLE OF WHAT YOU COULD DO BECAUSE OF YOU, THE INCREASING ASSESSED VALUE. THIS IS THE SAME LANGUAGE. THE DIFFERENT IS THAT THE RATE IS LOWERED BY 10%. SO, THE MAXIMUM RATE YOU COULD CHARGE IS LOWERED FROM 22.75 TW 20 .74 CENTS. THERE IS MORE RESEARCH BEING DONE AS WE GET INFORMATION AS TO WHETHER THIS IS DOABLE OR NOT. BUT, IF YOU LOOK AT THE AMOUNT YOU ARE COLLECTING NOW AND INCREASE THA AT MOST BY 3% AS A CONSERVATIVE ESTIMATE BECAUSE OF THE CAP FOR THE LEGISLATURE PUT ON THE AMOUNT OF LEVY, THEN THAT IS A POTENTIAL FOR THAT TO HAPPEN.
SO, IF THAT OCCURS, WHERE YOU ARE NOW COULD GROW BY 3% BUT YO WOULD REDUCE THE AMOUNT YOU ARE COLLECTING THROUGH THE REFERENDUM RATE. THERE IS ALSO ANOTHER REDUCTION I'M GOING TO TALK ABOUT IN A SECOND. IN GENERAL, IT WOULD LOWER THE IMPACT AS OPPOSED TO CONTINUING THE IMPACT. YOU WOULD ACTUALLY REDUCE THE IMPACT OF THE REFERENDUM ON THE TAXPAYERS. SO THAT CANNOT BE REFLECTED IN TH LANGUAGE. IF WE TRY TO USE THE WORD LOWER COMMUNITIES THE WORD IN CHANGING, DLGF CONSIDERS THE WORD LOWER OR ANY OF THOSE WORDS TO BIAS THE QUESTION, EVE THOUGH THE WORD INCREASE IS IN THERE FOUR TIMES. HAS BEEN ARGUED FOR YEARS SINCE THIS PAS IN 2021 AND NOBODY HAS WON YET.
SO, CHANGE IN IS THE LANGUAGE ALLOWED. OKAY?
>> IF WE COULD, REAL QUICK, ALSO, AS FAR AS THE RATE AND IT MAKES SENSE TO ME THAT POSSIBLY LOWERING THE RATE BECAUSE OF TH ASSESSED VALUES WENT UP, IT COULD GENERATE MORE. AS WE HAVE STARTED TO ASK SOME QUESTIONS AND KATIE CAN PROBABLY FILL US IN, THERE IS AN IDEA THAT WE DON'T KNOW THOSE NUMBERS YET, THEY ARE NOT AVAILABLE TO US, THERE IS SOMETHING COMING UP JUNE 30TH BUT IT COULD TAKE MOR TIME. WE GET THAT QUESTION OF ALL OF OUR PROPERTY VALUES ARE ALSO DISTRIBUTING MORE MONEY,
WHY DO WE NEED THIS ? >> THERE ARE A COUPLE THINGS WE NEED TO REMEMBER WHEN WE TALK ABOUT THAT BUT THE FIRST THING IS THE STATE FUNDING, THE STATE FUNDING WE GOT FOR THE EDUCATIO FUND IS THE BIGGEST BLOCK OF MONIES THAT WE RECEIVED. FOR THIS YEAR, THE FUND IS $151 MILLION FOR THE EDUCATION FUND, THAT IS PURE FUNDING FROM THE STATE OF INDIANA. WE DO NOT TRANSFER ANY OF THOSE FUNDS OUT TO SUPPORT OPERATIONS IT IS 100 THERE. IN FACT, WE HAVE TO TRANSFER $1.5 MILLION FROM OPERATIONS TO EDUCATION EVERY YEAR TO SUPPORT THAT FUND. IN COMPARISON, OUR OPERATIONS FUND IS ONLY , WELL, IS $37 MILLION.
WHEN YOU ARE COMPARING THAT TO THE 151, EVEN WHEN YOU LOOK AT REFERENDUM AND COMBINE THEM, YO KNOW, IT IS BASICALLY CLOSE TO THREE TIMES LARGER, THOSE TWO OPERATING FUNDS AS COMPARED. SO EVEN WITH GROWTH, NOW, WE ARE LIMITED TO THE STATE WILL SET MAXIMUM THAT YOUR LEVEES CAN GROW FOR THE OPERATIONS FUND. I THINK THAT IS FORTHCOMING. WE HAVE SOME REALLY GOOD ESTIMATES THAT WE UTILIZE THAT WE GOT FRO PURDUE. THAT IS WHAT, HE IS USUALLY PRETTY DEAD ON. THAT ONLY IMPACT OPERATIONS. THE REFERENDUM PIECE, THERE WAS LEGISLATION PASSED THAT STEVE REFER TO THAT KEPT IT AT 3%. IT APPEARS THERE IS A GAP THAT THA DOESN'T INCLUDE REFERENDUMS PASSED IN 2023. SO, WE ARE WAITING FOR FINAL CLARIFICATION BECAUSE ALL OF THAT FACTORS IN TO THIS DISCUSSION. IF OUR AV WERE TO GROW BY 10% AND WE WERE
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NOT CAPPED AT THREE, THAT WOULD IMPACT THE NUMBER WE MIGHT BE LOOKING AT WHEREAS WE MIGHT APPEAL TO SAY WE ARE GOING TO REDUCE IT EVEN MORE THAN 10 BECAUSE OF THIS OTHER GROSS THA WE CAN OFFSET TO TAXPAYERS THE INCREASE THEY MAY SEE.>> MEMBER, WHATEVER YOU DO HERE IS A MAXIMUM. SO, IF AV TANKS IN THE NEXT EIGHT YEARS, YOU CAN'T GO THERE THE WAY.
>> WHICH IS ONE OF MY CONCERNS. THIS COULD COME CRASHING DOWN AND WE ARE SET UP TO NOT HAVE A HIGH ENOUGH RATE.
>> CAN YOU LET US, AS AN ESTIMATION OF WHEN THOSE NUMBER
WE ARE EXPECTED TO HEAR THAT? >> USUALLY I BELIEVE IT IS BEFORE JULY 1ST. WE ALWAYS HAVE THEM SOMETIME IN EARLY JULY , SOMETIMES WE GET THEM RIGHT AT JUNE 30TH. THERE IS A STATUTORY REQUIREMENT. I DON'T KNOW OFF THE TOP OF MY HEAD IF IT IS BEFORE JULY 1ST, IF IT IS JUNE 30TH OR JULY 15TH. BUT, IT IS I THAT TIME FRAME. IN THE NEXT COUPLE OF WEEKS, WE WILL HAVE
THAT DATA. >> THOSE ARE ESTIMATES. THEY CAN'T ACTUALLY CERTIFYING. ALL OF THE APPEALS HAVE GONE THROUGH. THEY WILL ESTIMATE, LOOKING AT THE APPEALS THAT HAV COME IN. THE ACTUAL CERTIFICATION OF THAT HASN'T OCCURRED UNTIL DECEMBER AT THE EARLIEST.
>> AGAIN, FOR THE PUBLIC AND I IS LIVE STREAMING AND ANY OF THESE QUESTIONS, I AM SURE WE WILL ANSWER THEM MANY TIMES AGAIN, OUR INTENT IS TO TRY TO SIMPLY REPLACE WHAT WE STAND TO LOSE. WE DON'T KNOW THE EXACT EFFECTS OF ALL OF THE ASSESSED VALUES AND WHAT MONEY WILL BE COMING IN BUT OUR INTENT WOULD BE IF IT GENERATES MORE MONEY, TO TRY TO HAVE A LOWER RATE,
>> THERE ARE NO PLANS TO INCREASE WOULD BE MY OTHER POINT, WE HAVE SAID SINCE THE BEGINNING, THERE IS NO PLAN TO INCREASE THE RATE, IT IS A MATTER OF CONTINUATION OR REDUCTION, DEPENDING ON THOSE OUTLIERS.
>> THE INTENT IS TO TRY TO MAINTAIN OR FUNDING LEVELS AS THEY ARE. IF WE GET ALL OF THAT DATA IN AND WE CAN'T WAIT TO SHARE IT, WE ARE HELD UP BY OUR FRIENDS DOWNTOWN, ESTIMATES THA COMES IN, WE WILL LOOK AT THAT AND TRY TO ACCOUNT FOR IT. IF THERE IS ADDITIONAL MONEY COMIN IN, WE WOULD LOVE TO LOWER THE
RATE FOR OUR TAXPAYERS. >> THE REFERENDUM COMMITTEE WIL HAVE DISCUSSIONS TOO AND WE WOULD ALSO GET THIS DATA YOU AR TALKING ABOUT PRIOR TO OUR JULY 12TH BOARD MEETING, CORRECT FOR
US TO DISCUSS OR TO REVIEW? >> WE WILL BE PROVIDING THE BES INFORMATION WE HAVE AT THE TIME OF THE MEETING AT THAT POINT, I
IS FINAL. >> THE 3%. THE LANGUAGE IN THE LEGISLATURE READS AS IF YOU ARE EXEMPT FROM THE 3% CAP. THEY HAVE NOT PROVIDED AN ANSWER. MY GUESS IS IT IS AN UNINTENDED
CONSEQUENCE. >> THE WAY WE WOULD CONTEMPLATE THAT WOULD BE WE WOULD FIGURE I ON THE WORST-CASE SCENARIO FOR US, WHICH WOULD BE 3%, UNDERSTANDING THAT RATE CAN ALWAYS BE LOWERED. WE HAVE TALKED ABOUT THAT. SO, LET'S SA WE FIND THAT WE ARE NOT SUBJECT TO THE 3% AND AV GOES UP 10, WE COME THROUGH FOR THE BUDGET DISCUSSION, THEN WE WOULD HAVE THAT DISCUSSION AS A PART OF THAT TO APPROVE A LOWER RATE TO ACCOUNT FOR IT. IF WE ARE AGREEING THAT WE ARE GOING TO GENERATE ACTS AT THIS LEVEL AND THERE IS NOT A LEGITIMATE REASO TO NOT REDUCE IT BASED ON FACTORS THAT COME IN , THEN WE WOULD COME BACK AND ARTICULATE THAT AT THAT TIME. WE WOULDN'T WANT TO FACTOR IT ON NOT APPLYING BECAUSE THEN WE COULD UNDULY HARM OURSELVES BY TRYING TO BE OPTIMISTIC.
>> ON RESEARCH, I JUST WOULD LIKE TO POINT THIS OUT, I CONSIDER IT A POSITIVE. THE RESEARCH I'VE DONE, OR ASSESSED VALUE HISTORICALLY HAS NOT GONE I DON'T WANT TO SAY NEVER BUT HAS NOT GONE DOWN IN MANY YEARS MANY, MANY, MANY YEARS.
>> I'VE GOT IT ALL THE WAY BACK TO 12. IT FLATLINED A LITTLE BIT, LIKE EVERYBODY IN THE STAT BUT IT NEVER WENT DOWN. IT
DIDN'T LIKE IT USUALLY HAS. >> OKAY, THANK YOU.
>> I JUST WANT TO INTERRUPT A QUICK, ONE QUESTION, WE HAVE ABOUT 15 MINUTES, 16 MINUTES LEFT ON TIME, ARE WE GOING TO GET INTO THE NUTS AND BOLTS ON WHAT WE WILL BE USING THE
REFERENDUM FOR QUESTIONING >> I HOPE SO. IT IS IMPORTANT W GO THROUGH THIS. LET'S CONTINUE ON. IT'S IMPORTANT YOU UNDERSTAND, AND TO SKIP THAT ONE, EVERYBODY, I WANT EVERYBOD TO UNDERSTAND WHEN WE TALK THROUGH THIS NEXT SECTION HOW TAXES ARE FIGURED. THE 22.75 CENTS, AND AM USING A HOME OF 100,000 AS AN EASY MATH. YOU DON'T HAVE MANY OF THOSE. EVERY HOMESTEAD, 100,000, 500,000 IS A $48,000 OR PERCENT DEDUCTIBLE
[00:30:06]
THAT IS ONE STANDARD DEDUCTION WE GOT. PEOPLE TEND TO LOOK AT THIS 22.75 AND THINK IT IS A 22 INCREASE. 22.75 DIVIDED BY 100, $275 INCREASE ON A $1000 HOUSE AND THAT IS NOT TRUE EITHER.THEN HAVE A ONE-TIME SUPPLEMENTAL DEDUCTION NORMALLY 35%. THERE IS AN EXCEPTION TO THAT . THAT EQUALS A TAXABLE NE ASSESSED VALUE OF 33,800. THAT IS THE NUMBER WHEN YOU DIVIDE B 100, THAT IS THE NUMBER IF YOU MULTIPLY BY 22.75 CENTS, THAT EQUALS $76.90, NOT $227. MOST PEOPLE PAY THEIR PROPERTY TAX THROUGH THEIR MORTGAGE AS PART OF THE ESCROW. WE ALWAYS SERVE THE MONTHLY IMPACT AS WELL. THIS, THEN, FOR 22.75 CENTS, IS WAY TAXES ARE FIGURED GOING HE- FORWARD, WITH THE OPTION OF 2024, WHICH I WILL GET TO. RIGH NOW, YOU WOULD BE VOTING TO CONTINUE AN IMPACT ON A $100,00 WAS SENT HOME OF 7690. THIS IS PER YEAR. AND ALL THE MEDIAN VALUE IN THIS DISTRICT, IT IS BASICALLY A $400 PERCENT A YEAR IMPACT. HOWEVER, IN 2024, THE LEGISLATURE, AS PART OF A RELIE PACKAGE HAVE CHANGED THAT SUPPLEMENTAL DEDUCTION FROM 35% TO 40%. SO, IF YOU LEFT IT THE SAME, THE IMPACT IS GOING TO GO DOWN. ONE YEAR ONLY RIGHT NOW, 2024, OKAY? SO, THAT CHANGES IT FROM $76 OR WHATEVER IT WAS DOW TO $71. MINOR CHANGE ON A $100,000 WERE SENT HOME. IT IS FAIRLY SIGNIFICANT ON MEDIAN VALUE OF HOME. LET'S ALSO REMEMBER WHAT LED US TO THAT YELLOW NUMBER, RIGHT? LET ME ADDRESS THAT. YOU WILL REMEMBER BACK IN TAX RATE, WE HAD A REFERENDUM AND YOU CAN SEE IT I GOING TO REDUCE WHAT YOU COLLEC ON THOSE HOUSEHOLDS BY THAT MUCH. ON THE REST OF YOUR TAXES THAT ARE PROPERTY TAXES, THE OPERATING FUND AND YOUR DEBT SERVICE WILL ALSO BE REDUCED. THOSE ARE LEVY-BASED TEXAS. YOU WILL STILL HAVE YOUR LEVY. LET' TAKE A CAPITOL PROJECT ON WHICH YOU ARE GOING TO AND IT IS $1 MILLION. $1 MILLION GETS DIVIDE UP SO YOU WILL HAVE A HARDER TIME CONTROLLING YOUR RATE. YOU STILL GET THOSE FUNDS. REFERENDUMS, YOU LOOSE THAT
MONEY COME 2024. >> WHEN WE SAW THE ANNUAL BOND, THAT IS WHERE WE HAVE THE BIGGEST LEVEL OF FLEXIBILITY BECAUSE OF THE AMOUNT OF DEBT W ARE ABLE TO ISSUE AND REPAY THE FOLLOWING YEAR, WE ALWAYS BALANCE THE ISSUANCE AGAINST TH TAX RATE. SO, IF THE TAX, TO MANAGE THAT APPROPRIATELY. SO, BECAUSE OF THE INCREASE IN THE SUPPLEMENTAL, THAT MAY MEAN THA WE ISSUE A LOWER AMOUNT OF DEBT TO KEEP THE TAX RATE FLAT BECAUSE WE OUR GOAL IS NOT TO INCREASE TAXES WITH DEBT SERVIC ISSUANCE. IT IS TO SERVE AS REPLACEMENT DEBT TO KEEP
EVERYTHING LEVEL. >> YOU CAN'T CONTROL AV BUT YO CAN CONTROL THE TAX RATE AND YO GUYS HAVE DONE A MARVELOUS JOB
OF THAT OVER THE YEARS. >> AN INTEREST IN KEEPING MOVIN HERE, FOR THE COMMUNITY, THESE WILL BE UP, PEOPLE, PLEASE CHEC I WAS LIKE, CHECK YOUR MATH. PLEASE WRITE AND LET US KNOW IF YOU SEE ANY ISSUES WITH IT. WE WILL UPDATE FOR YOU. AGAIN, WE ARE USING AVERAGES . EVERY CASE IS INDIVIDUAL PEOPLE HAVE THEIR OWN VALUES AND DEDUCTIONS AND THINGS. THIS IS NOT GOING TO BE PERFECT FOR EVERYONE. PLEASE, W ARE HAPPY TO HEAR IT IF YOU FIN
ISSUES WITH THIS. >> DURING THE REFERENDUM CAMPAIGN, WE WILL HAVE A CALCULATOR THAT ACCESSES THE AUDITOR DATA FOR THEIR OWN BASE UPON ALL THEIR DEDUCTIONS, WHAT THE EFFECT WOULD BE. SO, THAT I 22 75 WITH THE 40%. WHAT
[00:35:02]
HAPPENED IF WE REDUCE IT? SO, THE CHANGE, THE RATE APPEAR CHANGED AND YOU CAN SEE THAT $100,000 WAS SENT HOME THAT WE STARTED WITH IS NOW 6387, A 16.9% REDUCTION. THAT IS LINEAR THAT GOES ACROSS THE BOARD. THE RESULT IS THAT THIS IS CHANGING, IT IS TRYING TO CHANGE. 35% DEDUCTION, THIS IS THE REDUCED RATE IN 2024. IN YO CAN SEE 16.9% REDUCTION. SO, WHEN YOU LOOK AT, THAT IS THE PRODUCTION THAT THERE IS IF YOU WERE TO PASS IT AT A REDUCED RATE. BUT, EVEN IF YOU PASS IT AT THE SAME RATE, IT IS STILL GOING TO BE A REDUCTION. GOT IT WHATEVER THE CASE, ACROSS ALL TAXPAYERS, YOU CAN SAY NO TAX INCREASE BY VOTING YES. VOTING YES WILL NOT CAUSE A TAX INCREASE, OKAY? I TOLD YOU ABOUT THE REVENUE SPENDING PLAN THAT IS PART OF WHAT YOU HAVE T PASS. THIS IS AN EXAMPLE OF WHAT THAT FEELING LOOKS LIKE FROM ONE SET OF LAWYERS. AND, THIS IS WHAT IT LOOKS LIKE FROM ANOTHER SET OF LAWYERS. THEY AL HAVE THEIR OWN FORMATS. I'M GOING TO USE THIS ONE. IT BASICALLY HAS WHAT THE EXPECTED LEVY IS GOING TO BE. WHAT YOU ARE SPENDING IT ON AND LOOK, MATCH THE PURPOSES HERE. SO, YOURS WOULD BE THIS. AND, THE LOWER REDUCED RATE, THAT MEANS THE REFERENDUM LEVY BECOMES $23.8 MILLION. AND I'M USING CONVERSATIONS AND NUMBERS THAT KATIE HAS. I'M GOING TO GO TO MORE OF A WORKSHEET ON THIS. THIS IS A POTENTIAL DIVISION YO GUYS GET TO DECIDE ON HOW THE MONEY GETS DIVVIED UP AND IT BECOMES PART OF THE MARKETING O THE CAMPAIGN TO TELL PEOPLE HOW THE MONEY IS GOING TO BE USED. THIS IS AN IMPORTANT ISSUE. AS WE GO FORWARD, WHENEVER IT CATCHES UP .>> ARE YOU SAYING BECAUSE THAT IS A 2015, CAN YOU GO BACK TO
THE PREVIOUS LAND? >> THAT IS A MISTAKE, I DIDN'T NOTICE THAT. UNRELATED. THAT IS A COPY AND PASTE ISSUE. I DID
NOT NOTICE THAT, THANK YOU. >> FOR CLARIFICATION, THIS IS A NEW REQUIREMENT SINCE THIS WAS PASSED IN 2016, WE WERE NOT REQUIRED TO HAVE ANY TYPE OF SPENDING REDUCTION OR EXCUSE ME REVENUE SPENDING PLAN, THIS PIECE THAT HAS TO BE FILED ALON WITH WHEN IT COMES TO THE BOARD THAT IS A NEW PIECE TO THIS, DI
THAT START IN 2019, 2020 ? >> FALL OF 21.
>> THAT IS RELATIVELY NEW? >> THAT'S THE FIRST TIME.
>> IT IS TITLED VALIDLY WHICH. HAVING TO IDENTIFY IN THE BALLO LANGUAGE IS NOT BUT THERE IS ADDITIONAL STEPS, ALSO A PUTTIN STUFF THAT HAS BEEN ADDED EVERY YEAR THAT WILL BE RESPONSIBLE T COMPLETE, IMAGINE THAT WOULD BE DONE IN A PUBLIC MEETING FOR TH BENEFIT OF THE BOARD AND THE COMMUNITY.
>> THE. >> ONCE WE PUT THAT LANGUAGE ON THE BALLOT, ALONG WITH THE ACCOMPANYING BREAKDOWN, WHAT IS
FLEXIBLE? >> THE BREAKDOWN I SHOWED YOU BEFORE IS HOW TO LOOK, THIS IS KIND OF A WORK SESSION THEN, I' SHOWING YOU HOW WE CAME UP WITH THE OPERATIONS.
>> WHAT IS FLEXIBLE, WE CAN'T, IF WE DON'T PUT ANY CAPITOL EXPENDITURES IN THERE, WE CAN D THAT, WE CAN'T SHUFFLE HIM, CAN WE MOVE MONEY AROUND? WE WANT T SPEND $5 MILLION ON SROS, CAN
WE SHIFT WITH IN THIS QUEST >> MY UNDERSTANDING IS THAT WHA WE HAVE DONE IS WE HAVE MONIES GOING TO THE EDUCATION FUND AND OPERATING FUND. AS A RESULT, SOME OF THOSE MONIES ARE GOING TO BE FLEXIBLE FOR CHANGING TO THIS PLAN THAT WE HAD FOR THE
[00:40:05]
SAFETY INITIATIVES IS A THREE-YEAR PLAN. AT THE END OF THE THREE YEARS, YOU WILL HAVE ANOTHER $5 MILLION TO DO SOMETHING ELSE WITH, BASED UPON THIS JUST TO GET THE JUICES FLOWING AND GET YOU GUYS THINKING.>> WE WOULD HAVE THE OPTION IF WE COMPLETE THAT TASK AND WE FEEL GOOD ABOUT IT, WE CAN ALWAYS LOWER THE RATE AND COLLECT LESS IF WE FEEL WE HAVE ACCOMPLISHED OUR TASK.
>> THAT'S GREAT. IF YOU HAVE OTHER SAFETY INITIATIVES IN YOU LONG-RANGE PLAN, YOU COULD FLIP OVER TO THAT OR EVEN SOMETHING
WITHIN OPERATING. >> KATIE, WITH THE FUNDING WE HAVE COMING UP, THE STATE HAS PUT A RENT AND SOME OF THE THINGS WE WILL BE GETTING SOME MONEY, WE MIGHT JUGGLE SOME THINGS, WE HAVE EXPENSES COMING UP, OVERTIME HERE, WE ARE TALKING ABOUT WHAT THIS REFERENDUM WILL AFFECT AND STUFF. OBVIOUSLY THERE ARE SOME OTHER NUMBERS THAT WE ARE UNAWARE OF, FLEXIBLE, THE TEXTBOOK FEES AND THINGS. SO, WHEN WILL WE BE ABLE TO GET THE INFORMATION OF THE THINGS THAT AREN'T FROM LAST REFERENDUM AND HAVEN'T SEEN HERE THAT WE ALREADY KNOW OUR TEACHER SALARIES, WHICH ARE AMAZING, THEY WILL ALL GO UP. PEOPLE LOO AT BUDGET THAT WE HAD LAST YEAR AND SAID HEY, THIS IS WHAT WE PAID ON SALARIES, IT ALL GOES U TOO. THOSE NUMBERS WE WEREN'T EXPECTING THAT WILL BE COSTS T HAMILTON SOUTHEASTERN SCHOOLS, WHEN AND HOW WILL WE GET THAT
LIST? >> THAT WILL BE PART OF DISCUSSION BUT DIFFERENT DISCUSSIONS. IT COMES ACROSS MULTIPLE TIMES. I WISH I COULD TELL YOU THAT BUYING X WE WILL HAVE EVERYTHING. THINGS WE KNOW WE KNOW THE STATE HAS AN ESTIMATE FOR TEXTBOOK RENTAL FEES THAT WILL BE $151.00 AND SOME CHANGE. PERSONALLY, I THIN THAT NUMBER WILL WIND UP BEING LESS. WE ARE ALREADY AWARE THE FIGURES THAT WE USED WERE LOW.
THAT NUMBER WILL BE MORE LIKE 120. WE ALREADY KNOW WE'VE HAD TO IDENTIFY A DIFFERENT WAY TO PAY FOR DEVICES TO GET AT LEAST THE NEXT TWO YEARS WHILE MR. HARRISON EVALUATE GOING FORWARD WHAT STUDENT DEVICES LOOK LIKE FOR US. RIGHT NOW, MISSES MADISON IS WORKING ON THE THING THAT ARE MAYBE GREAT AREA FOR STUDENT FEES TO SEE WHAT THE DO IS GOING TO GRANT. THEY HAVE A STATE BOARD OF EDUCATION MEETIN JUNE 28TH. THAT WILL BECOME INCREDIBLY EXPECT INFORMATION AT THE VERY END OF THIS MONTH ABOUT WHAT CAN BE SEARCHED AND WHAT CANNOT BECAUSE THERE HAVE BEEN SOME GREAT AREA. THEN THER IS THE PART OF WE ARE IN THE MIDDLE OF A SIX YEAR LITERACY ADOPTION THAT WAS BASED ON STUDENT FEES. HOW MUCH OF THAT, HOW MUCH IS THAT GOING TO COST OVER YEAR? WE CAN CERTAINLY IDENTIFY HERE ARE THE THINGS W NOW HAVE TO FUND DIFFERENTLY. I WOULD BE SHOCKED IF WE RECEIVED $151 WASN'T A STUDENT. IT WILL BE A LOT LIKE SUMMER SCHOOL.
SUMMER SCHOOL REIMBURSEMENTS GO DOWN EVERY YEAR BECAUSE MORE AN MORE DISTRICTS OFFER MORE OPTIONS FOR STUDENTS AND THAT INTO THE OVERALL REIMBURSEMENT IS LESS. I WANTED TO ASK A QUICK, WHAT TIME DID WE START? KNOW WE STARTED A LITTLE BIT, I MR. KLINK ALLOWED TO GO OVER? QUARTER TILL?
>> SOME BOARD MEMBERS MAY NEED TO LEAVE.
>> ONE THING WE DO NEED TO MAKE CLEAR, SUZANNE, YOU ASKED ABOUT TEACHER SALARIES. THAT IS ALL NEGOTIATED. THERE ARE LAWS AROUND WHEN WE CAN EVEN, WHICH ARE IN SEPTEMBER, WHICH WE CAN
EVEN KNOW. >> WE WILL BE ABLE TO GIVE AN ESTIMATE ON. WE KNOW RIGHT NOW I'M NOT SAYING MISSES TAYLOR WE WILL BE OFFERING NO INCREASES IN TEACHER SALARY. I'M SAYING THAT IF THINGS WERE STATUS QUO WITH JUST THE EXISTING CONTRACT WE WOULD BE ABLE TO TELL YOU HO MUCH THAT COSTS BECAUSE OF THE STEP, THE SALARY SCHEDULE OR SALARY, WHAT WOULD WE CALL IT.
>> I JUST WANT TO SAY I AM IN SUPPORT OF SALARIES FOR THE
TEACHERS. >> I CAN TELL YOU BASE LINE JUS
WHAT THAT IS. >> OKAY. THAT IS, YES, THE CLARITY I WAS LOOKING FOR. AS MUCH AS WE TALK ABOUT THE REFERENDUM AND AS MUCH AS EVERYBODY WOULD LIKE TO SAVE MONEY, WHICH IS AMAZING, THERE ARE GOING TO BE SOME ADDITIONAL COSTS THAT HAMILTON SOUTHEASTER SCHOOL DISTRICT WILL HAVE TO PREPARE FOR WHILE THEY ARE COMING UP WITH THIS INFORMATION
THANK YOU. >> ONE OF THOSE COSTS IS LIKE
THE SUPPLEMENTAL DEDUCTIONS. >> WILL WE ALSO BE GOING OVER THE SPECS FOR MANAGING CLASS SIZES?
>> I AM ABOUT TO TALK ABOUT THAT. WE KNOW THAT, THESE ARE ROUND NUMBERS, RIGHT, THIS IS QUICKLY BECAUSE OF YOUR CURRENT REFERENDUM, YOU ARE ABLE TO SPEND ABOUT $12.5 MILLION TO
[00:45:03]
MANAGE CLASS SIZES ACROSS K-12. BUT, WHEN YOU BREAK THAT DOWN A TO HOW YOU WANT TO DIVIDE IT UP HERE, THIS IS JUST ME SPECULATING, AND GIVING YOU A PLACE TO START WITH. TYPICALLY, THE LOWER GRADES OR WHERE IT IS REALLY CRITICAL TO HAVE THE LOWEST CLASS SIZES TO MAKE THE BONDS ACADEMICS HAVE ALWAYS SAID. SO, THE CASE REFORM IS $4.5 MILLION. THEN WHEN YOU ADD FIVE AND SIX, IT BRINGS IT UP T 5.9. SO, IF YOU DID TAKE IT, IT IS $8 MILLION . IF YOU WANT THA TO COME FROM YOUR REFERENDUM, I'M NOT SAYING YOU WOULDN'T CONTINUE TO MANAGE CLASS SIZES NINE THROUGH 12, JUST SAYING REFERENDUM FUNDS WOULD BE USED FOR THAT. AND, YOU HAVE YOUR CHOICE OF HOW TO DO THAT. BUT, REMEMBER, YOU ARE WORKING WITH THAT $23 MILLION NUMBER,WHATEVER NUMBER I GAVE YOU. >> DOES NOT TAKE INTO ACCOUNT, IT PROBABLY DOESN'T IF THIS IS NOT EXISTING, JUST THINKING
PRE-K, IF THAT GETS FOLDED IN. >> NO, I DON'T HAVE A NUMBER ON THAT. RETURNING AND ATTRACTING TEACHERS, SO, THAT USUALLY MEAN YOU'VE GOT FULL TEACHER SALARIE IN THESE THAT ARE MAYBE SPECIALIZED TEACHERS, THAT TYPE OF THING. YOU GUYS, FOR INSTANC OFFER EXTRA ARTS PROGRAMS LIKE JUNIOR HIGH ORCHESTRA COMMUTER STAT OF THE TEACHER OF THE YEAR BUT ALSO CAN BE USED FOR THAT.
BUT, IF THE RAISES FOR INSTANC THAT YOU WOULD TYPICALLY OFFER AMOUNT TO $4.5 MILLION, THIS IS A GREAT PLACE FOR THAT TO BE.
THAT IS HOW YOU BECAME COMPETITIVE AGAIN WITH YOUR SALARIES SO, TO MAINTAIN THAT, THAT IS WHAT IT IS GOING TO COS HER TO MAINTAIN THAT. I ASK BECAUSE SAFETY IS SUCH A HOT ISSUE IN ALL THE SCHOOL COMMUNITIES, I ASK ABOUT SAFETY INITIATIVES. YOU CURRENTLY HAVE EIGHT SROS. THERE IS A DESIRE T INCREASE THAT TO 23 AGAINST FO THE LENS. LIKE A REASONABLE THING TO ASK FOR THIS PATIENT I TO GET THERE, JUST FROM A HIRIN STANDPOINT, YOU WOULDN'T BE PUT THAT OVERNIGHT. THIS IS A THREE-YEAR PLAN AND A $5 MILLION.
>> WILL WE BE GOING INTO THE CLASS-SIZE BREAKDOWN, WHERE WE ARE ADEQUATELY, AVERAGE PER CLASS-SIZE, WHERE WE ARE LOOKIN TO BE AFTER REFERENDUM, DO YOU HAVE THAT IN THIS PRESENTATION? MAINTAIN. WE ARE NOT LOOKING TO REDUCE. SO, IT STARTS AT KENA VERNON AT 21 IT IT GOES UP. WE'VE TALKED ABOUT IT A COUPLE
OF TIMES PREVIOUSLY. >> WE WANT TO KEEP THE TARGET RANGES, KINDERGARTEN, 21, FIRST GRADE, 22. SO ON AND SO FORTH.
>> THAT IS UP FROM WHERE YOU WERE IN 15. IT IS DONE, TODAY.
>> I WOULD LIKE TO NOTE BECAUSE WHEN WE DO THIS REFERENDUM IN 2009 WITH THE CLASS-SIZE IS, I WANT TO SEE WHERE THEY ARE AT AFTER THE REFERENDUM IN COMPARISON TO WHERE WE ARE AT THIS REFERENDUM TO SEE IF WE PULLED OUR WEIGHT AND STAYING
TRUE TO THOSE WERE NOT. >> 2016. YES, AND WE'VE GOT
THAT. IT IS ESTIMATES. >> IF YOU LOOK AT CASE SIX, IF YOU LOOK AT THE MONTHLY, THANK YOU, THE MONTHLY ENROLLMENT, I BELIEVE THAT BREAKDOWN AS THE AVERAGES. THERE'S TO HOLD K-3 FOUR. STARTING AT 21 AND GOING UP FROM ONE. WHEN SOMEBODY IS OVER THAT MARKER, WE ARE LOOKIN AT THE BUILDING EFFORT IS. IS A 22.5. THAT SHOULD BE EVIDENT ON THAT MONTHLY INFORMATION ON THE
BOARDS WEBSITE. >> THE REPORTS ARE ALL ON THEIR ACTIVITY, CORRECT ME IF I AM WRONG, WE CAN SEE THAT ON HERE.
I AM PULLING UP THE MOST CURREN ONE. IT WILL TELL US OF THE CLASS-SIZE AS PER EACH ROOM. I THINK WHAT WE ARE LOOKING FOR I WHEN WE DID THIS IN 2016 AND OU GOAL WAS TO LET THINK IT 21 AN ONE GRADE, HAVE THOSE NUMBERS MEMORIZED OF WHAT THOSE GOALS WERE. CAN WE MAYBE SEE WHAT THA GOAL WAS AND THEN WE CAN LOOK A OUR CURRENT MOMENT TO SEE IF THAT IS WHAT WE ARE HITTING? IS
THAT CORRECT, TIFFANY? >> YES.
>> THAT IS IN A PRIOR PRESENTATION WE'VE DONE ABOUT
WHERE IT WAS THE TARGETS WERE. >> IF I CAN REQUEST THAT GET
SENT TO US AGAIN. THANK YOU. >> I'M JUST TRYING TO FIND WHAT
[00:50:08]
TIFFANY IS TALKING ABOUT. >> TIFFANY WANTS TO SEE IF WE SET OUR TARGET IMAGES WERE 21, 22, 23, 24. SHE WANTS TO SEE IF WE HELD TRUE TO THOSE TARGET RANGES. I THINK WE ARE SAYING THAT WE HAVE THAT BUT IF A CLASSROOM HAS 22, IT DOESN'T MEAN WE ARE NOT IN A TARGET. YOU DON'T HAVE TO LOOK AT THE OVERALL TARGET RANGES FOR THE BUILDING. WE ARE NOT GOING TO HIRE A TEACHER JUST BECAUSE ONE PERSON'S CLASS HAS ONE MORE KID
THAN THE TARGET RANGE. >> WHAT I SAW, YOU DID WHAT YOU PROMISED IN 16. AND, TO MEETING YOU CAN'T CUT A $26 MILLION HOL IN YOUR BUDGET. I HAVE NOTHING ELSE. I JUST WOULD LIKE TO SAY THAT WHEN YOU LOOK AT HAMILTON SOUTHEASTERN, YOU HAVE A REFERENDUM IN PLACE BECAUSE YOU ARE ALMOST THE LOWEST FUNDED IN THE STATE. YOU HAD A REFERENDUM IN PLACE SINCE 2009 AND HAD TO MAKE SIGNIFICANT CHANGES TO THAT. IN 2016, WHEN THE STATE PASSED EDUCATION REFORM IN 2000 AND, THEY WERE TITRATING THE SCHOOLS DOWN TO 2070 AND YOU CAME IN JUST IN TIME TO LIFT RESULTS BACK UP. SO, YOUR STATE FUNDING FROM 2009 TO 2016 WENT DOWN SIGNIFICANTLY BUT FLATTENE OUT AND STARTED GOING BACK UP.
WE WILL HAVE THAT IN A DIFFEREN PRESENTATION. THE OTHER THING THAT I CAN SAY ABOUT HAMILTON SOUTHEASTERN IF YOU ARE CONSISTENTLY PERFORMING IN THE TOP OF ALL SCHOOL SYSTEMS IN TH STATE OF INDIANA. YOU ARE THE 16TH BEST-PERFORMING SCHOOL IN THE STATE OF INDIANA 371 SCHOOL SYSTEMS. THAT IS A STRONG ACCOMPLISHMENT. THE MATTER HOW YOU WANT TO LOOK AT IT, THAT IS TOP 4% AND THERE ARE A LOT OF SCHOOLS IN THE STATE THAT SAY W ARE NUMBER ONE. WELCOME YOU ARE ABOUT AS CLOSE TO IT AS YOU CAN
GET. >> IT IS GOOD TO SEE THAT WE WILL BE GETTING OUR UPDATES IN OUR REPORTS, THERE HAS BEEN A LOT OF IMPROVEMENT. THAT IS EXCITING TO HEAR. FOR ME PERSONALLY TO WRAP UP, FOR MY SIDE, I JUST WANT TO CONFIRM, I KNOW WE MENTIONED IT BEFORE BUT FOR ME, IS COMING UP FOR OUR JULY 12TH MEETING IS THAT WE AR ABLE TO SEE THE DOLLAR AMOUNTS, THE FUNDING THAT WILL BE RECEIVED FROM OUR PROPERTY TAXES, OBVIOUSLY, THAT IS THE FIRST ONE . THE SECOND IS WHAT OUR ESTIMATED BUDGET WILL BE FO THE NEXT COUPLE OF YEARS. I KNO WE DON'T DO THAT UNTIL THE END OF THE YEAR BUT SOME TYPE OF AN IDEA FRAMEWORK, AN ESTIMATE SO WE CAN SEE WHERE FUNDING IS GOING, HOW MUCH FUNDING WE ARE GETTING FROM THE STATE OVER THE NEXT COUPLE YEARS. I THINK YOU JUST POINTED THAT OUT RIGHT NOW THAT IT IS ESTIMATED THAT THE SEVEN, I APOLOGIZE, I JUST FLIPPED THE PAGE. 6378. THEN THE LAST ONE ONCE YOU ARE READY TALKED ABOUT, THE TEXTBOOK STUF AND I THINK WE WILL BE GETTING THE DOLLAR INFORMATION LATER TOO. SO, AS LONG AS WE HAVE SOM TYPE OF ESTIMATES FOR OUR FRAMEWORK, THEN WE CAN MAKE GOO DECISIONS, WHETHER WE ARE LOWERING THE RATE OR MAINTAININ
THE RATE. >> IT WOULD BE GOOD TO KNOW
ABOUT THE CAT. >> AND THE CAP, THAT'S TRUE, THANK YOU SO MUCH. THAT, FOR ME WILL HELP MAKE AN EDUCATED
DECISION. THANK YOU. >> I WANT TO PIGGYBACK ON WHAT STEVE SAID. I KNOW WE HAVE A 97 GRADUATION RATE.
>> 7.5. >> FOURTH BEST RATE IN THE STATE. THERE ARE A LOT OF SCHOOLS TIED FOR THAT.
>> CAVEAT. FOR THE PEOPLE IN TH PUBLIC, BECAUSE WE TALKED ABOUT THIS THAT MAY BE A QUESTION LIK WE USED TO DO BEFORE BUT WHEN W WERE FOURTH, THERE WERE ONLY 200. THERE ARE 100 MORE SCHOOL IN THIS CORPORATION THEN THERE WERE WHEN WE WERE FOURTH. SO WE ARE 16TH WITH 100 MORE COMPETITORS. THAT IS IMPORTANT CONTRAST FOR THOSE DISCUSSIONS BECAUSE I THINK WE KNOW THAT AS PART OF THAT MESSAGING AS WELL.
>> LAST TIME YOU WERE FOURTH WA 2009.
>> THEN IT INCREASED , THEN YOU WENT DOWN TO 20TH AND NOW YOU
[00:55:03]
HAVE INCREASED UP TO 16TH. YOU ARE TRENDING BACK.>> I ENCOURAGE PEOPLE TO GO TO THE HAMILTON SOUTHEASTERN SCHOOLS OR PUBLICIST EMILY ABBOTT DOES A FANTASTIC JOB SPOTLIGHTING ALL THE SUCCESSES AND THERE IS QUITE A BIT OF SUCCESS IN THE LAST SCHOOL YEAR AND IN THE LAST SIX MONTHS THAT SPOTLIGHTS ARE AMAZING TEACHERS OUR EXPLORATORY LEARNING PROGRAMS, THE INDIVIDUALS THAT HAVE DONE WELL, AND THE GROUPS FROM WE THE PEOPLE, THE ROBOTIC PROGRAM OUR WORLD IN WHICH PROGRAMS, THERE IS SPEECH AND W CAN GO ON AND ON. WE HAVE A LOT OF GREAT SUCCESSES SCHOOL DISTRICT WOULD NOT BE ABLE TO D THESE AMAZING THINGS WITHOUT TH SUPPORT OF OUR COMMUNITY AND OU FUNDING. PLEASE BE SURE TO LOOK AT ALL THOSE WONDERFUL SUCCESSE BECAUSE WE HAVE A DOGGONE GREAT SCHOOL DISTRICT.
>> ONE OF THE THINGS I ALWAYS LOOK AT IS NATIONAL MERIT SCHOLARS. EIGHT OF THOSE THIS YEAR AT LEAST.
>> ANY OTHER QUESTIONS FOR THE BOARD? SARAH, THANK YOU SO MUCH FOR JOINING ONLINE, APPRECIATE IT. DO YOU HAVE ANY QUESTIONS
OR WOULD LIKE TO RAISE? >> THANK
* This transcript was compiled from uncorrected Closed Captioning.