Tuesday, October 1, 2013

Daily Journal Reports Tax Caps Slam Johnson County Schools

From the Johnson County Daily Journal:

Three local school districts made the list of the top 25 in the state that are losing the most to property tax caps, which limit how much schools can collect in taxes.

The schools were ranked by the percentage of their total levy lost to the tax caps, according to the chart. Local schools that lost money  because of tax caps, their rankings and the amount lost to the cap in 2013 are:
  • Franklin Community School Corp., No. 15, with $3.4 million, or nearly 18 percent
  • Clark-Pleasant Community Schools, No. 20, with $3.37 million, or nearly 17 percent
  • Edinburgh schools, No. 22, losing $276,000, or 15.5 percent
http://www.dailyjournal.net/view/local_story/Tax-caps-slam-local-school-dis_1380503746/#.UkoJJs_D_IU