The Muncie Community School Board has agreed to move forward with a $6.5 million referendum that would help cover the cost of school buses
and other services that would otherwise be in jeopardy.The board on Tuesday unanimously approved the special election referendum for Nov. 5 “to consider a ballot question establishing a property tax rate to sustain district services
and operations jeopardized as a result of locally excessive Circuit Breaker credits.”The referendum would mean about a 40-cent increase for homeowners. That adds up to $64.99 a year for a taxpayer with a home that has an assessed value of about $75,000 (the average in Muncie).
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