New Albany Floyd County Schools tax referendum fails in Indiana - WDRB 41 Louisville News

New Albany Floyd County Schools tax referendum fails in Indiana primary

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Competing campaign signs have been lining yards throughout the community regarding the referendum. Competing campaign signs have been lining yards throughout the community regarding the referendum.
LOUISVILLE, Ky. (WDRB) -- Voters in Floyd County rejected an $80 million plan to build two new schools and renovate three others in a special referendum on the Indiana primary ballot Tuesday.

The measure was voted down with almost 55 percent of voters saying no. According to Floyd County's election returns, 5,524 ballots were cast, with 2,531 voting 'yes' and 2,993 voting 'no'.

The money would have been used to build a new Slate Run Elementary School and a new Green Valley Elementary School, as well as expand Floyds Knobs Elementary School and Greenville Elementary School, and renovate Prosser Vocational School.

"I think it's the most important issue on the ballot, frankly, and I'm voting for it," voter Jamie Eiler said at a polling location Tuesday.

"From what I've seen, there's been some mildew on the facility," another voter, Diana Pease, pointed out. "It's not good for the kids, so I think having people voting yes would be good."

The average Floyd County homeowner currently pays about $300 in school property taxes. Old school debt is being paid off, so voting "yes" on the referendum would have lowered the average school tax bill to about $288 a year -- but taxes without the referendum could drop to $180.

The figures come from Floyd County Auditor Scott L. Clark.

This was the question on the ballot:

Shall the New Albany-Floyd County Consolidated School Corporation issue bonds or enter into a lease to finance the construction of a new Green Valley School and Slate Run Elementary School and the renovations and improvement at Floyds Knobs Elementary School, Greenville Elementary School and the Prosser Career Education Center, and which is estimated to cost not more than $79,950,000 and is estimated to increase the property tax rate for debt service by 20.04 cents per $100 of assessed valuation?

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