State lawmakers cap Vigo County Schools' property-tax growth at 4.4% for a third year running
Who it touches
- Vigo County School Corporation families
Tracked in the archive
Stifel consultant Chad Blacklock told the oversight board that state lawmakers have again overridden the formula that normally sets how fast Vigo County Schools' operations fund — the property-tax-supported account that pays for transportation, custodians, and building upkeep — can grow: 4% for 2024 and 2025, then 4.4% for 2026. Levy growth capped at 4% for 2024-25, 43:24 1:00:23 — open the recording, cued to 1 hour 23 seconds
Blacklock said the formula, based on statewide income growth, would likely have allowed close to 5.5% growth in those years, and district officials estimated the cap's cost to Vigo County Schools at roughly $2 million to $3 million. Formula would have allowed about 5.5%, 44:54 0:46:25 — open the recording, cued to 46 minutes 25 seconds
More from the record
- Board moves to adjournment after the presentation, 1:16:411:16:41 (1 hour 16 minutes 41 seconds)
- Levy growth capped at 4% for 2024-25, 43:240:43:24 (43 minutes 24 seconds)
- Formula would have allowed about 5.5%, 44:540:44:54 (44 minutes 54 seconds)
Outcome
No vote taken; the cap is a state legislative action already in effect for 2026.
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.