Meranda Watling, writing for the Lafayette Journal & Courier, has a story about how the passage of HB 1367 will affect schools in the Lafayette area.
The bill allows schools to transfer a percentage of their maintenance and capital projects funds to cover operating expesnes. Turns out it won’t be a great deal of help for our local schools. At the Tippecanoe School Corporation, it will allow transfer of only about $1.8 million as compared to the $3.1 million the state shorted TSC this year. And, even for that $1.8 million, it sounds like they had a mechanism available to transfer the money even in the absence of the legislation. West Lafayette could transfer about $200,000 as compared to a $586,000 shortfall in state funding. And Lafayette School Corp. could transfer $350,000 as compared to a $2.2 million state shortfall.
Public education is sucking wind. And, once again, it bears mentioning that this is a consequence of shifting school funding away from local property taxes to the more volatile state level income and sales tax. The ballot language on property tax caps in the Constitution is pretty simplistic: just mentioning the 1%, 2%, 3%. I think it should come with something that looks like the disclaimers for prescription medication (or Happy Fun Ball): “Caution – may cause extreme revenue volatility, making school financial planning impossible.”
At a personal level, I feel like grousing because I paid into the school system for roughly 14 years without kids of my own in the system – which I’m absolutely cool with. I benefit greatly from a population that knows how to read, write, and the rest of it. However, now, going into the second year of having my kid in the system, the system starts crumbling because of short sighted tax policy and they slash teachers.