HomeMy WebLinkAboutCC-04-17-17-02 Expresses Support for Carmel-Clay Schools 2017 ReferendumCOUNCU,OR: Finkam
RESOLUTION CC 04-17-17-02
A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF CARMEL, INDIANA,
IN SUPPORT OF THE CARMEL-CLAY SCHOOLS FINANCE REFERENDUM
Synopsis: This Resolution expresses the Carmel Common Council's support for the Carmel -
Clay Schools 2017 referendum.
WHEREAS, nine years ago the State of Indiana changed the way it provides funds to
schools' operating budgets, relying only on sales and income taxes. However, sales and income
taxes are not a stable source of revenue even in the best of economic times; and
WHEREAS, seven years ago, the citizens of Carmel passed a referendum to help fund the
Carmel -Clay Schools ("CCS") operating budget by increasing the tax levy rate to $0.16 for the years
2011 through 2017; and
WHEREAS, the referendum passed in 2010 will expire at the end of the 2016-2017 school
year; and
WHEREAS, a referendum (the "Replacement Referendum") will be presented on the May 2,
2017 ballot that will allow CCS to increase the tax levy rate to $0.19 per $100 assessed property value
for the years 2017 through 2024. This will replace the $14.5 million per year that was brought in by
the 2010 referendum; and
WHEREAS, despite the fact that the Replacement Referendum is a 3 -cent increase over the
expiring referendum, the overall education tax rate will remain $0.83 because the district is retiring
other debt.
WHEREAS, it would be catastrophic to CCS to lose $14.5 million of its operating budget per
year; and,
WHEREAS, the Council wishes to express its support for the Replacement Referendum.
NOW, THEREFORE, BE IT RESOLVED, that the Common Council of the City of
Carmel supports the increase of the school tax levy rate so as to provide appropriate funding for the
Carmel Clay Schools.
Resolution CC 04-17-17-02
Page One of Two
This Resolution was prepared by Jon A. Oberlander, Carmel Senior Assistant City Attorney, on March 28, 2017 at 11:49 a.m.
No subsequent revision to the Resolution has been reviewed by Mr. Oberlander for legal sufficiency or otherwise.
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COUNCILOR: Finkam
SO tESOLVED by the Common Council of the City of Carmel, Indiana this /74 qday
ofi 1 , 2017 by a vote of –4— ayes and nays.
OMMON COUNCIL FOR THE CIITTY OF CARMEL
SU191
am, WesiiJent H. Bruce Kimball
Laura D. Campbell
Ronal . Carter
of Carmel, Indiana this Nay of
ZO A.M.
by me, Mayor of the City of C
2017, at d
Resolution CC 04-17-17-02
Page Two of Two
Indiana, this = day of
Mayor
This Resolution was prepared by Jon A. Oberlander, Carmel Senior Assistant City Attorney, on March 28, 2017 at 11:49 a.m.
No subsequent revision to the Resolution has been reviewed by Mr. Oberlander for legal sufficiency or otherwise.
ISAE Bassft DocumentslResoluliorr-CCC�2017\Resolulion CC 04.17-17-02 Carmel Clay Schools 2017 Referendum CC ResoAfion (2).docxA 2017 9:52 AM]