Schools fret over business tax loss

A proposal to end a tax on business equipment would result in a cut of about $1.5 million each at two local school districts, officials said.

The money pays for building maintenance, bus replacement and transportation at Franklin and Clark-Pleasant schools, which already have stopped routine maintenance on buildings, delayed replacing buses and put off filling positions for teachers, classroom aides, bus drivers and other employees who resigned or retired.

Property tax caps already limit how much local governments can collect. Those caps limit the amount of money both school districts have to cover expenses, and in 2015 that loss is expected to be more than $3.2 million each for the two school districts, according to a report from the Indiana Legislative Services Agency.

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