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- June Real Estate Guide
PIERCETON â€” Is it possible for a school corporation to remodel and construct two elementary schools without increasing its residentsâ€™ property taxes?
According to a financial study conducted by H.J. Umbaugh and Associates, an accounting firm, it is possible â€” and Whitko Community School Corporation is going to give it a shot.
At Mondayâ€™s school board meeting, Superintendent Steve Clason gave an in-depth presentation on a long-range plan established in 2011.
â€śThe Community Committee was established in 2011 with the mission of looking at project concerns and determining what we needed to do as a corporation to keep our facilities up to par,â€ť Clason said. â€śA 40-year facility plan was developed. Part of that plan was to tackle South Whitley Elementary School and Pierceton Elementary School.â€ť
Because the corporation will retire some of its existing debt, when it comes time for payment to be made on the proposed construction, taxpayers will not see an increase in their property taxes.
In fact, according to projected numbers, taxes will actually decrease in year 2020.
â€śThis is really a timing issue,â€ť Clason said. â€śThat is part of the reason we had this committee. We wanted to make sure we put plans in place to address facility concerns and do it in a way that wouldnâ€™t hurt our residents.â€ť
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