Passed by the Indiana Senate last spring, Bill 1 creates tax cuts for many Indiana property owners, farmers and business owners. Hoosiers are expected to pay significantly lower taxes, with an estimated $1.4 billion in tax savings across the next three years.

As a result of Hoosiers paying less in taxes, the government receives less money. This means that many government-funded programs, such as K-12 education, will see budget cuts. The Crown Point Community School Corporation (CPCSC) is one of many corporations affected.

“CPCSC will lose millions of dollars annually from the voter-approved referendum fund once SEA-1 is in full effect,” Superintendent Dr. Todd Terrill said. “This reduction means that the very priorities our community supported, like smaller class sizes, extracurricular programs and health and safety initiatives, are now at risk.”

Essentially, due to other restrictions laid out in this new legislation, a referendum to raise capital for CPCSC cannot be implemented until 2028.
Until then, the CPCSC is conducting performance reviews among all branches of spending in order to decide where budget cuts can be made.