Latest news with #Bill518
Axios
08-04-2025
- Business
- Axios
House Republicans to release property tax plan
House Republicans will release the details of their property tax reform plan Monday, which leaders say will save the average Hoosiers hundreds of dollars annually. Why it matters: Property tax relief was one of the top priorities for lawmakers this legislative session after several years of skyrocketing home values drove up property tax bills statewide. State of play: Lawmakers have struggled to strike a balance between providing meaningful relief for homeowners without decimating the cities, counties, schools and other local units of government that depend on property taxes to fund services. House Speaker Todd Huston told reporters on Friday that the plan his caucus will release this morning as an amendment to Senate Bill 1 will save homeowners more than $1 billion in property taxes over the next three years. Zoom in: Full details weren't shared Friday, but Huston said the majority of Hoosiers will see their property tax bill go down next year. The proposal includes a 7.5% property tax credit for up to $200 on all homestead property tax bills beginning in 2026. It provides additional credits of $150 for fixed-income seniors and up to $250 for disabled veterans. It also phases in an increased property tax deduction for homeowners over the next five years and moves the state to a rate-based system that Huston said will be more transparent than our current levy-based one. Yes, but: Huston admits it's still complicated. "It's really hard," he said, when asked how much relief the bill would provide to the average homeowner. "I think it's hundreds of dollars, but I would hate to be super precise, because at the end of the day ... it's going to matter where you live." The fine print: It's also unclear what the impact on local governments will be. Huston said a fiscal impact statement should be available later Monday. He said the amendment will include a mandate that traditional public schools begin sharing some property tax dollars with charter schools in 2028. That language was originally in Senate Bill 518. What they're saying: Senate President Pro Tempore Rodric Bray, R-Martinsville, said he believes his caucus will accept the House's version of the bill. It's less clear how Gov. Mike Braun, who criticized the Senate's earlier plan for not doing enough for homeowners, will feel. "We're hopeful he'll see real value in where we're at, but we all have a position we have to stake out," Bray said. Here's what else we're watching at the Statehouse this week: 🤑 Senate spending plan The Senate has to release its two-year spending proposal by Thursday, the deadline to get House bills out of Senate committees. What we're watching: How the Senate's plan differs from what the House released in February — and if it includes a cigarette tax increase. Reality check: This will not be the final budget bill. Lawmakers are waiting on the final revenue forecast, due out next week, for a better picture of how much they'll have to spend over the next two years. We're hearing the forecast will call for an even tighter budget than lawmakers were originally expecting. 👀 IPS oversight bill coming back Senate Bill 373 is on the House Education Committee agenda for Wednesday morning for amendments. The latest: Among the amendments lawmakers will consider is an updated version of the "Indianapolis Local Education Alliance." This version of the board, which would be tasked with examining the facilities and transportation services among all public schools within the IPS boundaries, has a different makeup than what was proposed two weeks ago. There are no gubernatorial appointees to the board in the latest version; there is one person from pro-charter school group The Mind Trust. 🟢 Partisan school boards up for passage The Senate is set to concur on Senate Bill 287, which would make Indiana's school board races partisan. The House-passed version does not go as far as the original, which called for school board candidates to follow the same primary process as candidates for other offices, but Sen. Gary Byrne, R-Byrneville, has filed to accept the changes. The latest version directs candidates to indicate their party on the general election ballot and gives an option for an independent choice or no party affiliation.
Yahoo
14-03-2025
- Politics
- Yahoo
Editorial: Bill would siphon money from public schools
While Indiana Senate Bill 1, which would reduce property taxes, has gotten the lion's share of attention, other pieces of legislation would also have a profound effect on the state's public schools. Senate Bill 518 is one of the most concerning. Essentially, it would take a portion of funding away from public schools and reallocate it to charter schools. Specifically, the legislation would redirect some local property tax dollars in any public school district where at least 100 children living in the district instead attend a local brick-and-mortar charter school. Currently, charter schools are supported by state funding and do not receive any property tax distributions. This bill represents the statewide expansion of a 2023 law requiring school districts in Marion, Lake, St. Joseph and Vanderburgh counties — all of which have relatively high percentages of students attending charter schools — to share a portion of property taxes used for operations with local charters. Currently in Indiana's 88 other counties, the state sends an extra $1,400 per student to charter schools to make up for the absence of a property tax revenue stream. Under Bill 518, state grant amounts to a charter school would decrease toward zero as the property tax draw of the charter increases toward $1,400 per student. By shifting the funding burden to local property taxpayers, the state would save roughly $19 million across three years. Thirty-six public school districts, including Anderson Community Schools, across the state would be impacted. Initially, the bill would have shifted more than $150 million from public to charter schools over three years. After it ran into opposition in the state Senate from Democrats and some in the Republican majority, the proposal was revised to whittle that figure all the way down to $18.6 million, and it passed the chamber by a narrow 28-21 vote. 'The clear losers here are the students and the parents who have chosen to send their students to traditional public schools,' Senate Minority Leader Shelli Yoder, D-Bloomington, said in an Indiana Capital Chronicle article. 'We hear people talk about school choice, but it robs tax dollars from the parents of 90% of our future students who choose public schools. Where is the respect for their choice? This bill takes away that local choice. It overrides the rule of voters, the will of voters.' Senate Bill 518 now rests with the House Committee on Ways and Means. It should never reach the House floor. While charter schools offer attractive education alternatives to some families, more Hoosier school children would be harmed by this bill. Consider this overwhelming statistic: About 1 million attend the state's public K-12 schools; about 50,000 attend charter schools. The Legislature, in a rush to save money and promote school choice, is jeopardizing the fiscal health of traditional public schools.
