From the New Castle Courier & Times:
Loss of both dollars and personnel were major topics during Monday's meeting of the New Castle School Board.
Supt. Steve Fisher told the board that latest figures show a $1.6 million drop in property tax money available due to state caps that are now part of the Indiana Constitution. He said that amounted to 24 percent of the entire tax levy.
"Over the past four years our school corporation has lost more than $4.2 million," Fisher said.
The board did approve Fisher's recommendation to refinance pension bonds, which will bring in approximately $120,000 for the corporation.
http://www.thecouriertimes.com/main.asp?Search=1&ArticleID=280532&SectionID=23&SubSectionID=45&S=1
