Schools apply for funding waivers

By: NewsCenter 16 staff Email
By: NewsCenter 16 staff Email

Two local schools are looking for a waiver from the state to help them pay their transportation costs.

The Elkhart Truth reports Elkhart Central is losing more than $6 million this year, and Concord is losing $4 million, because of property tax caps.

The tax cap is butting heads with the debt fund protection law passed in 2012 that makes it difficult for schools to spread their losses across multiple budget areas.

The law allows schools who are losing more than 20 percent of their transportation fund to apply for a three-year waiver from the debt fund law. Elkhart schools would lose 36 percent of its transportation fund if the protected debt law goes into effect. Concord would lose 63 percent. Neither school has heard if their requests have been approved.

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