JEFFERSONVILLE, Ind. (WHAS11) – Taxpayers in Clark County will see their property taxes increase beginning in 2017 after Greater Clark County Schools moved forward with plans of borrowing millions of dollars make upgrades and repairs.
The Greater Clark County School Board voted 6-0 in favor of borrowing $14.1 million in bonds for repairs and upgrades to 14 district facilities. Taxpayers will their property taxes increase by 4.47 cents per $100.
The repairs range from eliminating open concept floor plans at Northhaven and Parkwood Elementary as well as Charlestown and River Valley Middle Schools, to roof repairs and new carpet at other facilities.
Superintendent Dr. Andrew Melin said schools in Indiana have no other option than to borrow money to make necessary repairs, mentioning the yearly $2 million in the district’s general fund, which district officials say is not nearly enough for basic repairs.
During the meeting some voiced their frustrations with the school’s borrowing, referencing the referendum that failed in November when the school proposed increasing property taxes by eight cents per every $100 for $14.8 million in extra funding.
School district officials said previous bonds will be expiring, which means tax payers will receive some relief from the eight cents per $100 to the four cents per $100.
The 13 bonds, which will be combined into one, will be paid over the next 20 years.