Vigo County Schools has lost $80 million to $100 million in property tax revenue since 2015 to the state's tax caps
Who it touches
- Vigo County School Corporation families
Tracked in the archive
Vigo County Schools is projected to lose more than $10 million in property tax revenue in 2026 to Indiana's constitutional property-tax caps — also called the "circuit breaker," a limit on how much of a property's tax bill any government can collect. 0:49:51 — open the recording, cued to 49 minutes 51 seconds
A finance presentation to the county's oversight board later corrected an earlier $150 million cumulative-loss figure since 2015 to $80 million to $100 million. 1:10:17 — open the recording, cued to 1 hour 10 minutes 17 seconds
Stifel consultant Chad Blacklock said the loss lands entirely in the district's operations fund, which pays for transportation, custodians, and building upkeep. 0:49:21 — open the recording, cued to 49 minutes 21 seconds
More from the record
- Board moves to adjournment after the presentation, 1:16:411:16:41 (1 hour 16 minutes 41 seconds)
Outcome
No vote taken; presented as background during a school-finance briefing.
No vote was taken on the presentation; the board moved to public comment and adjournment after the briefing. Board moves to adjournment after the presentation, 1:16:41
This summary was drafted with AI assistance and reviewed by an editor against the recording and documents linked above. Nothing publishes without a resolvable source.