From the Indianapolis Star:
"Zionsville voters once again will be asked to approve a higher tax on themselves in May as school officials continue to seek a way out of a budget crisis.
On the May 8 ballot is a request to raise the local school tax by 24.44 cents per $100 assessed value -- or about $239 for a $200,000 home.
A similar measure in November 2010 failed as voters rejected a 29.5 cent increase.
The rejection resulted in the layoff of 21 teaching and counseling positions.
Last year, the school district finally got a money-saving ballot measure passed when 74.5 percent approved a plan to refinance debt as a way to generate a few million dollars a year over the next three years. That money will be used to pay for transportation costs and building repairs."
...
The referendum tax rate, if passed, cannot exceed $0.2444 over the three years of the request. The Department of Local Government Finance has an excellent calculator on its website:
https://gateway.ifionline.org/CalculatorsDLGF/RefCalculator.aspx."
http://www.indystar.com/apps/pbcs.dll/article?AID=2012203290323
