FLOYD COUNTY, Ind. (WHAS11) – As early voting continues today in the Hoosier State Floyd County voters are deciding whether to pass a referendum to fund schools.

Passing the referendum would mean an overall property tax decrease or to allow the district to issue the bonds to renovate or build schools.

If the measure passes, Floyd County would gain two new elementary schools and several other area schools would be renovated.

The measure suggests all the projects would cost $87 million and is estimated to increase property tax by 21 cents.

The referendum appeared on the 2015 primary ballot but narrowly failed with about 5 percent of people voting against the tax.