The Indiana Association of School Business Officials (IASBO) recently shared data with state legislators showing that from 2012 to ‘13 the number of school corporations negatively impacted by protected taxes has grown (48 to 58 with a levy loss of 20 percent or more; 14 to 18 with a levy loss of 50 percent or more; 4 to 7 with a levy loss of 80 percent or more).
The IASBO made it clear that this is a rural, suburban, and urban issue all across the state. Thirty percent of all counties and 32 percent of the total students in the state are impacted by protected taxes and these changes to the language of the statute.
If there is no remedy by the General Assembly, the protected taxes law will begin on Jan. 1, 2014. And the number of kids walking to school or sitting on the lap of a senior on the bus could dramatically rise.
My view aligns with that of the IASBO. They have asked the General Assembly to address this issue by eliminating protected tax language and allow school corporations to allocate tax cap losses using current practices.
The sooner the better.