Improved education is just as much an economic investment as new roads or sewers. So when money is diverted from local schools, it should be done for a clear and forceful reason.
Each year, many school districts across Indiana don’t get some of the property taxes collected from businesses because that money is set aside for projects designed to promote economic development.
School officials say the money lost to tax-increment financing, or TIF, districts has become more noticeable in recent years now that property tax caps limit how much they can collect for bus purchases, building projects and other expenses. For example, Franklin schools lost $2.29 million to the caps last year. School leaders would like more say in how the money is spent and would like to see more of it spent on projects that benefit the schools.