001Heat. Heat. Heat. Heat. Heat. the day. Hey Heat. Heat. Heat. Everybody right? >> Thank you for joining the board this e this evening. This [clears throat] meeting [cough] th this meeting is a work sess session meaning that the board is here tonight to discuss a potential building project but mainly property tax impacts. Dr. Apple has hosted several town halls in the past which were trying to see the interest in the in a school project before impact studies were done. This meeting will focus on how our taxes will be affected by a possible project. Since this is a work session, no vote will be taken tonight. Public comment will be limited to this topic only. This board has done significant research on how property taxes are applied so that we can see how the impact of
002an additional tax would be and do our best to to show this to our community. Tonight our tax information comes from Banker Tilly a advisory firm. Mr. Jeff Hammond's the representative tonight that will present much that did present much of the information that we are sharing tonight at the last board meeting. [clears throat] Many may ask, how did we get to this point? A little background. In 2022, multiple properties sold between Lanesville and the interstate uh or became became available for sale. A few of them were bought by people wishing to build a subdivision. The first track of land was 141 homes were approved in a few different phases and they're starting to be built right now. Then a 350 house subdiv subdivision concept was approved. Was that by the council? >> The planning and
003zoning. >> Okay. Approved by the planning and zoning. uh but has been put on hold for sure capacity and a final plat layout. Lanesville school Corporation was able to buy a track of land on the northwest corner of Ponderosa and Crandle Lanesville for a new building project in the future. That was one of those tracks that came up for sale in 2024. The board looked at a possible referendum for 25 for 2025. However, in late 2024 and in early 2025, we were hearing from Indianapolis that Senate Bill 1 would have major impacts on referendum and referendums and it did. With Senate Bill One last year, last spring, uh, referendums that once could be held at any election now have to be held only on major elections, which would be November of even years only. So,
004Senate Bill one killed any referendums for the fall of 2025. A referendum project takes about 6 to 7 months before the voters see it. The numbers we are presenting are real facts, historical data, and advisory data. There is no sugar coating and no way of making tax increases a happy discussion. With that said, I possible tax increases. With that said, I will hand over the meeting to Dr. Apple to go through some of the data we have received this year. >> Thank you, Mr. Mr. Lyn. And if you guys want to step over there, >> like right here work session. So you guys are the ones that Okay, this just for reference 2026 numbers, our overall school tax. What that means is that of every $100 value that your property has >> 64 of that
005is operational referendum. Uh >> second iteration of that pass multiple times. financially right now. School corporation state um that referendum sunsets in 2027. Um we think it's point time we can let that sunset in 2027 knowing full well knowing full well that corporation finds itself in difficult times again. that might be an option future, but it's something that we don't need right now. We like to not put that burden on taxes service rate uh really really low under 20 cents 1969 and then our operations fund is at 349. Uh and so that is where we are 6423 that's how that number we get. The state average is a little over a dollar and two cents almost a$13 cents that was the 2025 number. I don't have the 2026 number. Uh those things are are being
006compiled and again that is based on uh $100 of assessed value. If you live within our boundaries, uh Franklin Township, if you don't live in the town limits, Franklin Township, you pay a little over 45 cents um for Franklin Township in 2026. If you live in a town of Lanesville, that's 52 cents, almost 53 cents. Um, so if you put them together, your combined tax bill for us, now this is an average. There are different deductions, all kinds of things, but this is the average. Um, if you live in Franklin Township, uh, almost a$110 is your total tax draw. If you live in a town of Lanesville, you're looking at a$116 uh almost $1.17 is your total tax draw. That's combining the the town, county, school, everything. For comparison, uh school corporations around us, if
007you remember, we were 64 cents. Uh Crawford County was $1.22. Uh North Harrison 70, South Harrison 53. Uh, New Albony Floyd is a$14 in Henryville and and you see going down through there. Um, in our area and the counties around us, the highest sitting there is Crawford County at a$122. If you look at Harrison County, different townships, different towns, um, Blue River Township, a dollar two or$123, excuse me. That's their total tax. that that is the the corporation, the school corporation uh sitting there with them and um the township um Heath Township you can see. So you can see all of those definitely the outlier there is uh Miltown Spencer Township at almost $3. Um I didn't dive into to why for us tonight that doesn't matter but that gives you a good reference of
008where we are and where everybody else is. Mr. Hammond in January went through some numbers with us. Uh we were talking preliminary earlier before the 2025 legislation um set where taxes were overhauled. Um we looked at potentially a $45 million or $55 million and $65 million project. Uh just just for reference um what this is talking about the these upper lines are just the school draw. The first half would be the increase. And so currently our entire school draw is 64 cents for a $45 million project and that is a small elementary school uh essentially. Uh and that's that's really the 45 millions. um not putting anything in here that is that is a barebones elementary school. Uh you're looking at an increase of roughly a$111. Um this is based off of and and down
009below um it indicates letting the current operational referendum sunset and 27. And so really that and right now it's that's capped at 17 cents but it's pulling 14 cents right now. We don't pull the full amount. Uh, and so really that that $111 if that were on there, then it would be another 14 cents if we didn't let that sunset. Um, but that that's what that number is. Plus, uh, based on 20-year repayment structure, 5% interest rate, and 12% standard deduction. Uh, so that's where those come from. Um, your total tax draw then, um, for the school, $161. So about a dollar higher than than what it is now off of a hundred $100 assess value. Add that to your regular taxes on your home for the township, for the town, all the other taxes,
010you're looking at $2.7 for Franklin Township, $2.14 for the town of Lanesville. Uh $55 million project, that number goes up even higher. you're looking at an additional $1.36 added to your tax bill. Um, so you take off the 14 cents. We didn't calculate the full 17 because we don't pull the full 17. We cap it at 500,000 and we don't draw the entire amount. Um, then you're looking at $186 for your school tax draw. When you combine that with your other taxes, and again, these are the 2025 tax uh or 2026 tax numbers in the future that that could raise, but these are the estimates based off of that. You're looking at $2.31, almost $2.32. And if you live in town, it's $2.39. Um, and so you're just roughly over a dollar now. So now
011you're looking really significant increase. Uh, $65 million project. This is more of a high school type build. Um they they calculate that to be between 65 and 70. And again, that probably wouldn't touch anything here on this facility. You're looking at uh $161. Then $211 total. Uh when you when you factor in what is there, that $161 is just the new um the new debt showing up. Combine that with your other taxes, Franklin Township, you're looking at $2.56, almost 257. And in the town of Lanesville, essentially $264. So you're going from a little bit over a dollar to $260 something. Um, we looked at and the board was provided with some historical data on referendums just so we could see what that looks like. This, assuming it pulls up, tracks all the way back to
0122010. This upper part shows the average of the referendums passed that year. May have been one, may have been five. The lower is what failed and it shows the year, May, November. Now, we can only go in November, but then you could do that uh either one. What you guys were able to see again based on $100 of assessed valuation through the years, the highest average was 54 cents and I believe uh November of of 24 um what we look at later, you can see what what calculated into that. And so for us here at Lanesville, a small project, um $45 million for small elementary, if we're looking at a referendum, would essentially be double any anything that we've seen there. Uh then what failed down here, the highest that we've seen uh is 81
013cents is the average. I went through and what you'll see here in a minute um is historically every referendum from 2010 to 2024 past failed what happened. The board has had this information. You guys have have hopefully looked through it just to get some reference. Um, you know, when you look here at Cookamo in 2024, you pull up the resolution and it tells you the percentage, it tells you the tax rate, uh, 26 cents. It goes through all of those things for you. Um, I've been through almost almost all of these. Um, haven't seen anything near what what we're going to ask if we go down a referendum uh, path. um significantly higher and a lot of conversations I've had um with different superintendents um with Mr. Hammond and a few others with um bond
014council at ICE Miller. When when I throw those numbers at them, most people haven't haven't heard of such an ask. Uh but it's important that we know that. It's important that we look at the traditional or the the historical trends. Uh and so we were able to see what has typically passed, what what hasn't. Um in conversations with Mr. Hammond, he he has told me that uh in his research that tipping point is typically around uh 30 cents. Uh once you get above 30 cents, it it becomes increasingly difficult. Uh I know Silver Creek um was asking for 30 cents uh and and that referendum was defeated um 94 to6. But this gives you every every referendum going through and you can see what passed, what failed when it said pass certified all the way
015down to to 2010. It tells you >> on on this form. You have to go through and and pull it on this sheet. You can go through and click on construction and it'll show you what that was. And so since this one didn't move and I I don't know, I'd have to reference it with the other one. I don't know if that was 151 cent or if it was everything that year was was construction. But yeah, so what you have deciphered this out and then the general fund then shows you operational referendums. Uh there will be a lot of operational referendums this year by far more than than in the past. Now I got to figure out how to get out of this thing. Wait. So, you've you've seen those. Now, we've got a few
016options. Um, first option here at at Lanesville is you do absolutely nothing. Um, status quo. >> We've got our our rooms filled. Uh, but but we do nothing. That that's one option. Option two, I should say two here, but it says one is continue to push forward with potentially a referendum. Um, knowing what those tax impacts are going to be, uh, there are a couple more options. I may have Mr. Hammond here. Um, some of these get kind of intricate. There is a first mortgage bonding issue process. Uh, that's what we looked at before with Mr. Morris the the last time. Uh, you're allowed to have 1% of your gross assessed value. Uh, which is for us is $546,237 or $237,430 to be used for a controlled project. Uh, and so that equates out to
0175.46 46 million that you can put towards a project. Uh we have a couple of those on the books right now. Uh the 2017 and 2018 U bonding issues were that type of project. Those go through the building corporation. Uh and so they hold that debt and that's how that works. Um what you can't do there is you can't go above that number. What you could potentially do is have multiple projects. Uh they have to be different in scope. Uh but that is a possibility. I don't know what exactly that looks like right now. What justifies or constitutes different scope of projects. I don't know if one one year and one the next. Those are things that we would have to research further. Um another option uh is the petition process for projects more than
018one uh 1% but not outside of the tax caps. Um what that does is that five point and there's also a number value 19 million 18 million somewhere in that ballpark. We don't hit that uh the one% >> anything over that but less than what we would have to generate through outside of tax caps can be done through that process. Um, we would have to to talk more with our bond council uh on what that number is, that the tax cap number for us, but that would have to stay in uh to see if that is is feasible. Uh, one thing that that does have with it is a 30-day window uh petition window. And um here for Lanesville, it would be probably 5% of our voting uh population would have to to say nope,
019I 100% don't want that. and they would have to sign that petition. Uh then that would would end that project. Um you can see and I've got it and there's a sheet for both of them. But this is why as you can see we would have to to really rely on our uh bond counsel and rely on our financial advisors just to be sure on those types of projects and really any of them. Um, but they can be kind of complex. And that number is $19,51 or $51,397 or 1% of the total gross assessed value, the lesser of the more than the lesser of the two. So for us, it would be that 1% because we're nowhere near $19 million. And so if you as the board decide that yes, we we still need to
020do that, those numbers for referendum do not look favorable. Um there are other options. It may be doing things in stages. It may be all at once. Um those would take us here. We had previous conversations. Uh a few of you were on the board, a few of you weren't. Uh when we first started looking at a building project, we looked at the petition or monster of process. We quickly learned that we would not be able to generate enough revenue. Other places can. If you drive around Greater Clark, for example, they've got schools being built all over the place, but they've got gross assess values in the billions of dollars where we're half a million dollars. So that that limits the scope that we've got. Uh those of you that were around with Mr. Morris
021when we looked at additions here, that is that same process. So even if you as the board decide that is too big of an ask uh to to take us from one of the lowest tax rates in the state to to by far one of the highest. There are still options here on this footprint on this campus. Um had some conversations with architects. Um some some different unique and creative things. Might lose a side parking spot. Uh a little side parking lot. Um, we've got areas across the front that that aren't used for anything right now. So, there there are options. I'm gonna be honest with you. The one thing right now that this doesn't do, which we all would kind of like, is bring a gym into um into that. I'm one and Mr.
022Powers there knows because he's in the same boat. 7 to nine practice every night. Man, that gets old. So, we might have to get creative. Uh part of that might be also depending on if it's a series of projects. We still have 46 acres and so it could be building a fieldhouse type place there. Um it could be talking with some of our local entities that that have gym space. Um may have to get get creative uh on a few things. You know, we've added rest. We're trying to add more things for our students um to engage them. But there are other options if you decide not to go down that road. If you decide to go down the um the referendum road, uh then that decision needs to be made really pretty quickly so
023we can get those those steps in line. Um Mr. Hammond, do you uh have any any additional input on either one of these two processes? My input would be whatever council not so I Yeah, that they are they are complex to say the least. >> Um, Mr. Lynn, that that is the information I have to share with the board tonight. we're ever open up for discussion with the board >> before we lose sight of all the information that was shared and there was a lot of it. Um, you heard a lot of numbers and a lot of different things called I did a little work on my own tax bill and we'll probably get deeper into that in a little bit. But the $45 million project, if that were to be on a referendum, I
024looked at my current tax bill and I plugged in the numbers of what the increases would be. My house is small. It's a little bit older. So, the assessment is a little bit older because of age. It would appraised a lot higher. But anyway, on my particular house right now, my tax my total tax bill is right at $600 a year. To take the cheapest thing on my assessment, my tax bill would go up to $1,200. It would double. I have uh the tax information is public record. I can look at anybody's, but I didn't want to do that. So I picked on a family member. >> So back [laughter] >> Cody, it's you buddy. >> My son lives out in Whitetail Woods. >> Mr. Hong, you had half the room shaking. >> Yeah. Everybody
025currently my son and his public record son. So I'm not His tax bill is just above $2,500 a year. If we did the cheapest thing, his tax bill would go to $5,200. his assessment is in in that 250 range and that's going to hit a lot of homes in this area. There are homes in this area bigger than that 250 range. So if you're in in one of those homes that's going to be 700,000 $750,000 valuation, you could almost buy a secondhand car. >> Mr. Hong in in our school corporation within Franklin Township, the median is 239,000. Right. So it's not far from that. >> Yeah. But then there are a lot of homes that that exceed that. So I just I hope maybe that brought a little more perspective to everything Dr. Apple was
026sharing because I mean until it hits home it really doesn't mean oh 62 cents that's no big deal. >> Yeah. Yeah. >> So that well I want to add to that real quick. Um so between both of them um so so the average uh this is data given to us by um uh Jeff Hammond u $239,600 uh and uh the $45 million project which would be a small elementary bare bones um it would increase uh $1,200 $1269 um and then for um just for Another reference. So that's the average home in Franklin Township. Uh for another reference, 100 acres of agricultural land. Um that's all. Do you know what that was zoned at? It says three. Is that just considered land or >> it's okay. That's just using >> Okay. So, that would go so
027100 acres. Well, one acre of land would uh would increase on the small project $20.82 on a 100 acres it would be $2,000 $2,81.70. So, I'm just that's the I just want to let we had Donnie give that and Dr. Apple said the average and then you know what and besides houses we have farms. >> We have a lot of farms. >> Board want to say anything else before we open? >> Well, I asked a question. Dr. Apple will remember when we were here when Steve Morris was working almost and we had some drawings done of adding on to the school. Do you remember did any of those have prices on them? Yeah, they all um each of those each of those had that at that time. Um back then the assessed value has gone
028up significantly in the last five years and so the scope of those projects were right around 4 million at the cap. Uh but each one showed for a million and a half and for two million or roughly that but yeah each one of them showed at that time what what that was estimated at. How much do you remember how much space we could gain? How many classrooms? >> The most of those um were taking out the library now, >> right? >> Filling in the courtyard with a new library, then turning in I think six classrooms. >> Okay. So, we could gain six classrooms, but we there are different configurations. That doesn't mean we would have to stick with that one. We could add an extra. >> Correct. I've had conversations over the last month with
029a few architects. um side parking lot right now that's used by a few teachers. Um during the day we usually have more or heard of sometimes graduation, some of those things. Uh being able to to put a a twotory um addition there. What they're telling me is two stories cheaper um because you don't have to do the foundation twice. Um probably six and six. Uh we've also had a few that have talked about going across the front. uh we've got that kind of wasted space there. That would do a few things for us. Help the facade of the building, help update and make the the building look modern. Um help do some security to the entrances uh that are needed. Uh and so we've looked at various different things there. >> The courtyard also another
030option. We've looked at that too. >> Yeah. The the issue with the courtyard and it's not as much as it used to. um getting them in. >> Yeah. >> Um moving the HVAC units because they're all except for one uh are at the bottom. So you got to put those up on top and then how do you then you lose light in those classrooms which which is fine. It's not needed anymore. >> Um but there there's some hurdles there but definitely done. Yes. >> Thank you. What what's difficult for me in this whole process is trying to put your head around cost is I'm not the oldest person in the room, but I was here 35 years ago when we went through the building expansion for this facility. Um it increased our taxes. The state
031denied it a couple times. We appealed it and we finally went to Indianapolis and they vote in favor and raised our taxes. Hard to imagine what our taxes were then because 35 years now we're at 63 cents. So there we probably went from 12 cents to 29 cents. But you know, but this campus, this facility total cost was 7.2 million. Now we can't even get an elementary school less than $30 million. and our assessed valuation in the township while seems high at $545 million to get the kind of tax infra in income we would want without raising your taxes tremendously. We'd have to be another Clarksville and I don't want Veterans Highway down the middle of Lanesville. Well, didn't we also have a demographic study done at that time to see what the growth possibilities
032would be? >> Uh, no, it wasn't at that time. We did that later. >> Yeah, we did that since I've been here. >> And that was not indicating a great bunch of growth. >> It it showed um a slight increase and then leveling off, >> right? >> And then a slight dip back to where we are now. Um I think we all kind of agree though when I had that conversation with Dr. from McKibben and and he's the one that does all of them. >> Um he was a Ball State, now he's working down in Alabama, but he that's he does all of them in Indiana. Um had conversations about subdivisions and and that kind of stuff. What he looked at was birth rate uh more than anything. Um, we currently here in Franklin Township
033have 6 school age children uh that live within our borders. Okay. >> Uh, and that is down from last year um by by a few kids, >> but you also got options of smaller projects >> done periodically too. here on campus is what we're saying. the $5.5 million projects are pretty much um I should okay I'm just saying we can build something and then the next year have another project started at the same maybe $2 million whatever >> potentially it's not such a massive tax increase and and the 2017 and 2018 [clears throat] bond issuances um they have the the 17 is on a >> a 10ear the amorization schedule >> the 18 is on I think a 15 14 or 15 year >> um but it is backloaded and so what that gave the
034ability to do is to when it falls off >> you you will pick up what you had there but we pretty much say tax neutral all the way through. So what you're saying on that front end it wasn't a huge impact they put it back on the back end of the 18 knowing that when the 17 fell off then it would level out pretty much. Uh you maybe see a little bump but there there are some ways but like Mr. Hammond said, um, those are things that your bond council, attorneys, uh, and people like him, uh, finance earers that are are versed in that area that would walk us through those steps on what would be best for us if you go down that road. And I want to add um something that Donnie said
035about being or something about being Clarksville. Um you'll see South Harrison do a bunch of projects. Um but this this came this report came out January 15th of 2026. Uh South Harrison's certified assessed value is $1.69 billion. Um whereas ours is $355 million million. So when when you look at that they that's almost seven eight times the difference. So you've got seven or eight times the area to spread that tax over. So a $40 million building would only their taxes would be seven to eight times lower than what ours would. Is that I'm saying that right? >> The assessed value. >> Yeah. Because the assessed value because you're spreading those taxes over. So that's the reason you'll see big corporations, I think he said earlier, Greater Clark, you'll see new schools being built and their
036tax rates don't go up much, but they've got 20, 30, 40 times the area to spread it over. We're very small at $355 million >> and industry plays a big part. And all this the the excitement was created because all of a sudden we've got 141 home subdivision going in. Then we've got plans for 350 more that have put on hold because we don't have the sewer capacity yet. the sewer plant is expanding, but I don't know if I don't know if the growth is going to make it feasible to add on to it's just a combination of money and people and all that because the expansion right now isn't even intended for that growth, is it? It's for more of the interstate. >> Yeah. Do you mind? >> No, go ahead. >> Yeah. So,
037uh, as far as the, uh, the neighborhoods that Donny's talking about, the 141 houses are are already being built. uh we do not have sewer capacity at this current time to handle all that once it comes online as well as whatever is going to uh come in at the interstate in terms of you know a gas station or whatever it is they add up there. We are in the process of expanding the plant this year. We'll break ground on a plan expansion will double the size of the plant. the 350 houses. They came to us a few months ago asking I guess they had already been given kind of preliminary u approval from planning and zoning conditional approval. Um they came to us and we do not have capacity nor will we plan on getting
038capacity. We would have to build another plant that would be the size of what we're going to double the current plant to. So essentially we would have to quadruple our our capacity uh to handle that 350 houses. The estimates between four and $6 million uh to build a second plant and we have no uh plans or desire to do that. So unless they want to, you know, they have the option where they could put in septics and it would be larger plots, be fewer homes. Uh but at this point there's been no indication that they want to do that and uh we at the town are we had no plan on that >> years ago you have developers coming in the problem those developers got into they they paid a premium for ground they can't
039afford to put four or five million in a package plant when they've already got $50,000 an acre in their ground and try to sell a house for what they'd have to get out of it. So, the 350 while it's threatening, I don't think it's immediate danger, but 141 is going to impact us. Um, demographics project growth, but in Franklin Township, just think about available land. Any available land is other than that is land that are in generational farms. And that land probably is not going to be available for a long time. Uh, so I don't know other too much other growth than what's going to be around the interstate. And it seems like the biggest part of that's put off for a little bit. >> And I want to echo what James said. Um, that
040was that about o late October, November when you all kind of put the axe on or put >> October. >> So, so when when at the beginning of this year we were we were possibly looking around 500 homes. Well, now all of a sudden with that being put on hold, um we're we're back down to 141. So there's that's that's been a big change that I don't think a lot of people have seen. Um because I I didn't read about until James told me back in probably December or November. So u so that's been something that has changed. >> Lynn, Lynn, let me ask Lyn first. Oh, I just want to ask if um may have but Dr. Apple mentioned that 30 cent increase is usually palable to the voters in a referendum. Do we
041know what that is? 30 cent. What would that mean as far as what would be available? Like is that a a$28 million project? Yeah, that's what I would do here. >> Well, if 45 million dollar 10. >> Yeah. No, that that's a great question. Um I would I would have to run some numbers to get an exact. I can tell you it won't be 28 million. Unfortunately, [laughter] I cannot do that in my head. But um it that that's certainly something that we could look at though is is what would 30 cents say provide in terms of of a dollar amount. But I I know it won't be as high as 28 million unfortunately. >> It's okay. >> So I think I mean I would just like to see maybe um you know like the
042proposals are a lot. So if there's something a reasonable amount that you could actually Yeah, kill you. >> Yeah. And that that's when Dr. Apple was talking about options. Those are the options we look at. Right now, when when the land was purchased and we got in the the motion of a referendum by November, that I mean that's a little fast. And now it looks like we might I guess the we we don't want to make a decision we're not having a referendum when 90% of the people yes I want to pay $12,000 a year on my house taxes. I don't think that's the case. Uh but we didn't want anybody thinking if they don't have the referendum they're never going to do anything. We know we have to do something. >> Well the problem
043is though >> right and you got to go for less >> and you got to go for less. Well, if you try to refer them, right? But I'm saying if you don't feel like the votes are there and you decide you're just not wait until >> you can't do spring anymore and do municipal election. You can't do special election. You used to be able to do all of those things. You no longer can. You're exactly correct. >> My question was if there's any resources or you guys looked into the opport grants, things like that. You can get those too. Just depends on Crawford. Yeah. >> Yeah. >> Crawford County is doing a project right now and you probably know a lot about it. Um that um it's a I think it's a band room but
044it's at the same time it's a it's a self shelter room and they're getting a high percentage but through >> Ryan's looked at building some I don't know what you call it community center. >> Yeah. looking at it's really essentially reunification. Um it would be the and you need to partner uh you know and Mr. Powers about a year or two ago um kind of had some preliminary conversations. You need to partner with your local governments um as a potential reunification area. Uh you could potentially do a building that would be more of like your gym area, your additional gym, fieldhouse, those kinds of things. Um >> then the FEMA safe rooms. um those are are an option. I don't know the hoops of those. I don't know if they have to be cleared, if
045they have to say you need it. I I don't know those details yet, but I know some of those things and it obviously wouldn't pay for everything, but maybe a portion and also we do some building also some rebate type things. If you go geothermal or do whatever else, uh you might be able to tap into some of those as well. Yeah, we we are we Dr. Apple and we've looked into what we can find, but the a lot of the problem is federal funds are starting after CO are starting to dry up pretty quick. >> Okay. I think Mike was next. >> Well, I was just wondering do the 30s. Can you also do a bond bonded uh program the same year? >> Are you talking on on 30 cents. I don't know if
046that would work through um you know the petition or monive process. I don't know if we can get in under that. Uh those those are things we'd have to to figure out. Um, but if you do that, if you do the 30 cents and then some other project, I mean, that's still just adding >> to the taxes. Yeah. The the same way. >> Okay. >> Everything you do is going to to raise taxes. It's just how much. >> And if I can add to that a little bit, it's it's not the the referendum question is not based on a tax rate. You could technically do a non-controlled project without a referendum for two or three million, repay it in one year and it could have a 30 cent impact to the tax rate. So it
047the referendum question is more based on the size of the project, the scope of the project and less on the tax rate. The tax rate just comes out based on a formula that is your annual payment towards the bonds divided by your net assessed value times 100. That's how you get to that tax rate. So you you could still back into, you know, if if people were comfortable with the 30 cent increase to the tax rate, what then does that mean in terms of an annual payment and a bond issue? There's ways you could kind of reverse engineer and get to an amount. Um, but just the tax rate is not what triggers any kind of referendum question. >> Eric Yeah, James P and the town council president [laughter] >> I've got that number for
048you. Um, as of October the 1st, uh, and that's the count day, there are 616 school age kids that are here. Of those, 464 come here. So, about 75%. So, about a whole quarter of the kids that live here don't come here. Um, that and where they go, public transfers out 101 and then non-public. So, those are your private school kids. um those than are the rest. What that doesn't take into account for are your homeschool kids. And so really that number is probably higher because we know we do have um a lot of homeschool kids here. And so really we probably break even. We are one of the the only corporations that have net positive transfers. And we hear quite often, let's not let those out of school kids in. It's really about a
049wash if you throw in the homeschool kids. Um, so our transfer kids, uh, we're about 36% this year, 267 of them. Uh, and so you look at that, we're positive 115. Uh, if you don't have those transferred kids coming in, um, you're looking at $2 million shortfall from where we are now. That number is about $2 million that we'd have to fire teachers and, uh, figure out what to do or administrators or custodians or whatever. on October one count date. That's what our ADM's based off of heard that go that would include our St. John that probably will come here >> if if they live in district. Yes. Yeah. If they live outside of our district. No. >> No. Yeah. Yeah. Some do. Some trickle in. >> Uh and with open enrollment, we've been one
050that have have benefited from it. Uh but years ago we used to talk about transient schools where kids come and go and that's everybody now. Kids come and go and come and go and uh most of the St. John's kids. We we do get >> Robert. >> I think we all know in this room everybody would be here tonight. But you got to be realistic. This is a mighty big pill. The way I see it right now, I'm afraid it fails and then it just take longer to come back again. Has anything we all know is a very parking difficult area of sport activity. >> Has anything been studied as far as having a fieldhouse over there on that acreage >> enough so you have your practice sessions out there? James wouldn't have maybe had
051the seven to nine practice. You have maybe a couple gyms over there. So you could you could hold sections uh section a little different but when you have all this uh what I want to say unal sports where you have to pay for attendance it's a money makers who is a business. >> You're talking about traveling travel. >> Yes. So all that revenue other than sectionals when you have a sectional that is split that revenue for is split among the player among the schools that's being played. Correct. >> When you have a when you hold an event like that that money all stay right here. >> You could use that money to whatever >> have a facility over there for the gym. Have enough parking even maybe have the graduation there. have big whenever you
052have activities to where you're going to need a lot of parking that's where you have it right now and then put out here where you just said uh uh you know I was even thinking about it if you do away with that elementary gym that you don't that's another gym but go out here on this uh and go up what you just mentioned about the parking go up two stairs and do that but what do you do first do you do that first and then the fieldhouse I'd like to see what it would cost to have a field house and that's >> yeah our our immediate need has to be classroom >> where we're at place now >> and birth rates help a little bit and everybody around us has lower kindergarten numbers than we
053have the last few years as well which is as much as I don't like to see it which has been beneficial for us because we don't have an empty classroom uh and so we we have to address the academic part first I have not run numbers on that I have not looked at that Um, and and so I I don't have anything for you on that. >> Mhm. >> Just trying to get ideas on how to use >> tried to get I try to get Leroy to mow it. If he ever got a new [laughter] mower, >> get a new mower. >> We'll put a pick farm there. >> But FFA put a farm. I I do not know. >> 11 million. 11 million. I talked to I talked to uh Mike Key. He was
054the guy in charge of that. >> Did you build? >> Yeah, but you've already got the infrastructure there, too. >> You're talking lot lot of money for >> it was 11 million. That's what he told me. And that was back what, five years ago? >> 20 million now. >> 20 million. >> Daniel Charman had a question. I'm just [clears throat] let you guys know and Henry built schools did a field uh project here came up a bit [cough] few months back where they had those two 20,000 square foot buildings and softball it came in 12 and a half million gives you an idea there >> what they built >> they built two 20,000 foot buildings gyms >> okay >> now I don't have golden seats or whatever. [laughter] >> Where did they put that? Where
055where were those buildings built? >> Uh I would have to go back up there. >> Okay. >> Is that >> 12 and a half for both or individually? >> So about six, six and a quarter. >> How much space was that? >> Is and that was that was not built on. That was a brand new project then. Okay. >> For those that didn't know it's Daniel Chararm with James L. Charman construction >> Mike million solar project what manufactures That was part of it. Part of it also uh operation. We uh maxed out on our operational ass this year. There was a big chunk of it. We've got to buy buses and do a lot of other things. Uh this was the first year since I've been here doing the budget that we didn't get all
056that we asked for on that. And so that was part of it as well. The operational um tax. It did go up there some. We've got the 17 dropping off after in 27. We've got two different things dropping off. The 17 uh is dropping off and the 27 or the uh operational referendum dropping off as well. Those by themselves take care of that increase. Uh and so, you know, we did say that there would be a little bump, but it would essentially stay neutral because those are coming off. >> Yes. go back down. >> Yeah, that's what our tax rate is now. >> The one the operational referendum letting that sunset would take care that wipe that out by itself more than that. Plus the um the the 17 bond series is coming off as
057well. But what'll happen on that one, the 17's coming off, the 18 is bumping up. And so that will take that. But the operational referendum letting that sunset, right now it's at 14 cents. You got a 13 cent bump. That would wipe that out. >> If if nothing else changes >> on that same project. We >> Hold on just a second. >> Yeah, >> we've got 10year payment would be 19.09. A 20-year repayment would be 12.28 cents. Say that one more time. >> Uh, a 10-year repayment would be 19.09 cents and a uh 20-year repayment would be 12.28. Am I reading that correctly? >> Yes. >> Yeah. >> And again, >> $5,460,000. That's 1% of u debt assess or assessed value >> and and that's that's an estimate and it's based off of 5%. So
058like when we sold the bonds uh there we got a much better deal than 5% but that's a ballpark figure >> potentially. Yeah. And then again, that's why we showed the the corporations. Um, we'd still be below the state average >> and that would that would put you there. >> Yes. You're just trying to get a number. >> I get it. >> Yeah. And and for any of these, there'd have to be hearings uh where then all of that if the board decides to go down that road where those numbers then would be presented in more detail on exactly what the ask is and all of that. not on those. >> Um and again the uh petition remmonstrip process that is where you would you'd have to go and sign a petition against it. Um
059the first mortgage bonding which what we're talking about here um the board can do that at their own valition. A couple things. Um, I hear a lot of talk about building a gym field. I think that's a great idea. >> I Jan I haven't gone down that road. >> We're not against it. I just I just think that 20 years a >> Yeah, I haven't been down that down that road, but >> I It would be nice to have everything on campus. >> Yeah, we appreciate you. school got a nice >> feelion but we'd be $43 million ahead by not having >> 121 homes at the interstate that are average they say house >> different different pot of um that would immediately hit our education fund which pays for coaches, pays for teachers, all of
060those things. These projects, different pot of money. They they don't they don't do that. >> I mean, I I see what you're saying though that you wouldn't have to, but we would have to at that point in time significantly downsize our school corporation. uh we would be perminating 15 20 25 people just off immediately. >> But but you've got to look at it um if if you just say get rid of all out of districts, not only will we lose a bunch of funding, but the classrooms, Dr. Apple has um capped classrooms that we can't take or any grade levels that can't take any more students. So, for example, I'm just going to throw out numbers. You got say you got 35 students in fifth grade and you got 35 in district students. Well, you
061could take five out of district students and and still because at 35 students, you're going to have two classrooms. If you take five out of district CLA uh students, then you've got then now you're up at 40 and you still only have two classrooms, it the the out of districts will only ever really be a major issue if it tips it over to another class. But Ryan keeps a very track very close eye on that. So, so the out of district kids actually are a very good compliment to the rest of the community. Even with 100 >> with 141 houses doesn't mean you'll get 1.8 kids out of that either. You know what I'm saying? You're going to get five or six or No, I I know. >> I got it. And what we I
062wish it were like that. I wish you had, you know, the 10 the 10 kid families that we had back in the 70s and we don't No, I get it. No, I Yeah, but we're if it was like that, we go, "Oh, that'd be good. We're getting like three kids out of, you know, 150 homes, you know. which is okay, I guess. But, you know, >> so so um we did a little bit of research on the new subdivision. Um I don't I didn't drive by there and count how many houses are there, but I think there's James, you know, is there 15? >> Last I heard 17, 20, something like that. >> Yeah, there's more than that. >> Okay, so Ryan pulled all of the addresses and we've currently got five students that live
063in that new subdivision. So, um, the average has been what historically 1.6 students per household. >> Yeah, that's a number that that historically is being used. Well, we're at five out of 20 houses. That's a significant difference there. So, >> not all 20 are occupied. >> Okay. So, not all 20. Okay. Well, I see a lot of cars come out of there. >> But that's we pulled that data. So >> yeah, >> maybe maybe >> right update number. >> Okay, >> one more question. >> Go ahead. Do you have anything? >> We a few years ago we looked into them. Um it depends on if you buy them or rent them. Uh but then you also but we didn't factor in it's more difficult the utility cost because they would have to then go in
064that parking lot probably. um you'd have to run the utilities, you'd have to do all those things through there. Uh really expensive. We've got the numbers from about 3 years ago. Haven't looked at it again right now. But then it also comes to uh where it's needed. Is it a high school? Is it an elementary issue? And so, um where we're at right now, where we're exceptionally tight right now is the elementary. Um, again, if we had three kindergarten classes this upcoming year and we we were in the same boat this year, >> we would have to move the special education rooms somewhere else and and shift at that point in time. But we're at the point now where we're already checking looking at kindergarten roundup trying to figure out what that number is. But
065we're at the point now that if we think that's going to be large in the spring, then we're ordering immediately and trying to get it in for the fall. I I can get that number to you from a few years ago. I don't want to misquote it and it didn't it didn't factor anything like that. But you're looking depending on if you rent or buy u renting them is probably the best way to go. >> Correct. Yes. >> Yeah. >> Yes. Say that again. Yeah, we're we're at a place right now we're very fortunate. Um, as far as school corporations go, there are very few of us um that have the the size of reserves that we do. Uh, Mr. Morris was wonderful financially and he took over a place where we were in bad
066shape. Um, so we're not there as far as that goes. We're we're lucky right now that debt wise we can have some options. Uh, I think we're a long way away from that. Um, that potential. Um, who knows what 10 years down the road looks like. Uh, you know, but right now I I don't foresee that that possibility. >> There there was an article, it was a little bit over a year ago. I don't remember who had it, but it came out of Indianapolis. But it said that if you're under a thousand students and you're looking for a superintendent, consider cons consolidating was what I mean that's there's probably going to be a new push for that in the very near future. Anybody under a thousand students, >> what what they're wanting that that came
067from um the state chamber of commerce. >> Okay. And so the push isn't to consolidate the schools uh to leave the schools because they've tried that before and um a lot of legis legislators lost their jobs. Um Indiana, we've got some larger cities, but primarily we've got a lot of rural people that that don't put up for that. Uh and so what they're wanting to do is busing and some of those things to maybe consolidate. Uh what they don't realize is if you go back to the old model in the 50s and you have one um one county superintendent, we're also going to have then an assistant superintendent for this place and for this place and for this place. It saves nobody any money. Um but that was a push from the chamber of commerce
068is where that came from. >> So it's not really consolidation. It's it's more of the one superintendent over >> Yes. >> whole county. Any more questions, >> Eric? Yeah. No, >> we've got um we are one of three four corporations in the in the state of Indiana that have 100% of our annual budget and reserves. Um, the state of Indiana used to say 15% of your annual operational costs. That's everything, not just your budget because you always build your budget larger than what you spend. But they they suggested you had 15% on hand in cash. Um, and I say cash, but not really, you know. Um, now they've upped that to 18 to 25%. um we were at 135% and still able to you know make substantial gains with our teachers and pay them every
069like same as everybody else and up to instructional assistance and um so again financially we are there what you can do is make the transfers if you come to board meetings you see up to 15% we've got we moved $4 million a few years ago into what's called trust Indiana it's run through the government um that ends >> I think interest that we occur. Some of that goes to teachers. Uh we've got about six million sitting in our education fund. Uh and we go through this every January. Go through them all. I can probably pull the presentation up and send it to you. Uh and then operations um is sitting at about two and a half right now, which um our larger corporations, we probably have more money in our operations fund than they do.
070Uh but we're also buying buses, so we don't have to lease buses or do those kinds of things. Uh, so when I say we're financially stable, that's that's what I mean. Uh, we've got more cash on hand if we needed it, uh, than than really anybody around us as far as our budget goes. >> Correct. If if something happened and there were drastic cuts, um we are in better shape than any of our neighbors to withstand that. [laughter] >> Well, and at $2 million a year, that would that cushion would be gone in a heartbeat. out of district. >> That's what about 7,000 $7,87 is the average for the Lanesville kid. Uh and so you take the number of out of district kids and so you're essentially $2 million. not encouraging things because that's what's
071any issues or you know there are things that scared me is that potentially What's the timeline? if not then >> I I would assume and I don't want to speak for the board uh and they may say otherwise. I would assume within the next couple of months they'll have a direction on where they want to go any of these other options then you're not bound to um a November referendum or November election day. And so theoretically, if they sit here in April and they they say we're doing one of these things, uh they could get that ball rolling even faster. >> Yeah, that's a valid concern. >> Sure. >> You're in your head thinking how far is this can going to get kicked down the rope? >> Yeah. As a as one board member, I
072would venture to guess that if if if the decision is made not to go forward with the referendum, which is kind of where I'm leaning because of the short time because of the the the impact of the tax rate because if it's turned down, you got two more years to wait and you go in for less money. I would think with the turnout in this room, if we don't get a timeline pretty short and make decisions, we're going to be in trouble with you guys. Okay. >> Yeah. I mean, >> and we just got >> Tell them, Miss Nancy, >> Jeffrey just gave us these [clears throat] tax rates um at the last schoolboard meeting. This is dated January 20th, 2026. So, we didn't have these numbers before then. So, that's that's what's kind of
073push because once we if we if we want to go forward with a referendum, it's six, seven month project. And that means beginning of March, we got to hit the ground running fast. >> Yeah. And and Jeffrey wasn't a delay either >> because we started a couple years ago with >> signs on the board. I wasn't on the board, but there were signs over there. You all go over and write down what you want and there was three different options. There was a bunch of choices for every option. So then we had to get Dr. Apple then got a hold of some architects and engineers to get concepts about what we could build and what we would do. Well, those guys don't work terribly fast. So, it took a couple months to get hardcore numbers
074so then Jeff could get an impact on the tax rate. You know, nobody's going to sit here and say, "Well, I tell you what, let's just spend $32 million. Let's vote for it and go." And then all a sudden the tax rates this ah you'd hang us all >> and then the legislators threw everything out the window. >> Yeah. Right. >> Yeah. Last year, Senate Bill one It changed everything >> commented a couple of times and I know what you're talking about. [laughter] >> Um maybe not. I didn't know this before I sat next. So you said if if we don't get it then we'll have to wait. And what you're referencing is if there's a referendum on the ballot in November >> and it's denied did not have >> then you cannot put another
075one on obviously until next >> and when you ask the ask less >> less than what you ask >> so if you ask for you can't ask for5 >> and that's the reason we just don't want to throw darts out there >> right because then you waste >> and plus it costs money but I mean >> six years to get from 65 down to 30 >> which is why maybe [laughter] closer to 12. >> Yeah. in the area school. [laughter] >> You still growing down? Oh man, congratulations. >> Good for you, Brian. Bob's >> got a Robert. >> Brian. Bob's got >> Sorry. Go ahead. >> Just one other comment. Not just because we got Mr. But I just want everybody to realize >> if it wouldn't have been for the Shman three year, four
076years ago >> when one of the charments came up to a board member there at Heritage Weekend and said that land over there, we're going to we're thinking about putting homes on there and we already have the drawing done. Is the school interested in that? If that would have had houses on there today, we wouldn't we'd be talking about different issues here. At least we have something to spring to here in the next year or two, three years, whatever. And thankfully that'll be a nice campus over there. But thanks to the community, >> can I ask you what you did at I I'm sorry, Bob. I didn't mean to stop you. What did you do over at board? You said what was the audition? I haven't been over there in a while. Been a couple
077years. Where did you do you know where that was built? >> They're tight. >> I'd like to see it. I'd like to see what they built. >> Yeah, I'd like to see it. I mean, I go >> Okay. >> He just wants you to tell him what directions they drive up there and look at it. >> I just want to go to I just want to go to the wagon wheel and have lunch. That's all. It's right there by the track. I mean, I don't I'm just joking. That's not that good. >> Well, but I want to see what you did. Yeah. Okay. Let me >> Mr. Chairman, we've we've sat here for Oh, there's one way in the back. Correct. Yes. Architectural estimate. >> Average cost of an average elementary school. >> Yeah. put
078out, right? >> Mhm. >> In in our situation, things would get cut. >> Yeah. There there's no but typically and again, Mr. Shyman, whether you go whatever process you go, CMA, CMC, whatever it is, typically those things are are safeguarded unless it's the board a lot of times saying we want this addition. Um, those things are some cushion as well. But once you start getting levels like that, then you start cutting things. Yeah, the the bond the bonds are sold for what the bonds are sold for and the bonds are sold in advance. So that there's no other well um you dig into your own pocket or do something else. It's if you go down that road and you put it on the ballot, >> you have to list what the scope of the pro
079the project is and uh based on the median household and those kinds of things. And so once those bonds are sold, that money comes in. That's what's used for it. But you you you're not going to go any higher than that. No, those cost those soft costs were factored in. >> What's the next step after this meeting? Because you know we're not nobody's going to vote for a dollar may probably not even 30 cents after Silver Creek shut down their 94%. So, you're might get lucky to get 20. >> The uh >> So, where do we go after this meeting? >> The board will have to make a decision on on where it is they want to go. >> We've got preliminary drawings on different auctions >> here. >> I'll speak for this board member.
080You're probably looking at several smaller projects within a reasonable tax increase and then we move the next one. >> We live here, too. Right. Because >> well, >> we live here, too. So, we don't want to pay >> like they were saying back there, we we know we we're we're short classroom space elementary. We can accommodate things, but it's just not ideal ideal. >> So, I would like to see something going on adding a couple classrooms, five or six, whatever it is within that seven to10 million figure >> in a year. Figure goes into the referendum. anything wants. >> Okay. Whatever the board wants to referendum. >> Well, not Well, if we do the first mortgage bond thing, that doesn't require referendum because there's there's there's stipulations in statute that if you keep the dollar
081level below a certain portion of your tax taxing authority, which are assessed valuations 545 gross million, that's way we could borrow 5.4 million. We could do that without a referendum. >> Yeah. the referendum, we could ask for any anything we want. >> Yeah. Dollar amount. Yeah. >> Because then because then the referendum ends ends up that your tax the published tax rates based off what you're asking for. >> I mean, explain it another way. Last Monday night, council had a meeting. There's there's a lot of issues with our jail. Projected cost to repair just HBAC systems and all that. When I was on the council was 25 to $30 million. They they they have the taxing authority to go up to 1% of assessed valuation, which meant the council could pass [clears throat] a a
082resolution the bond up to $19 million. That's where they were capped. Luckily, they put it out for preliminary bids and the bid package came in a lot lower than the estimate because I guess contractors are hungry. Maybe costs have come down. But the 20 to 30 million AR or engineering estimate was about a 175 178 million job. But that 1% is the level at which the state deems the county eligible to issue tax increase enough to service that debt. So it's your your your bonding capacity is based on how much taxes you can raise to pay that and it's it's capped. >> Kenny, you had a question back. >> Can you spell? >> You got it. Oh. Oh, go ahead. I saw Kenny's hand go up. I'm sorry. >> He was calling for her. >>
08345 minutes. Well, this this this school >> the numbers we were given the 35 or that Dr. Apple got from the architects were estimates on an elementary with a gym 35 million. >> An elementary gym an elementary with a high school size gym 45 million >> high school complete complex new gym 65 million >> high school with gym >> right with with a high school gym high school. >> Yeah. And that was a separate facility over there. And I don't think those dollars, unless we really cut costs, would do anything here. >> No, those numbers would not. So, if you're looking at a high school, you're really looking at 70 to 75 million. If you want to address something here, um, you know, same way with a with an elementary school, 45 does that. If
084you want to address something here, then you're looking at probably 50 55 do those things. And if you if you if if you built if you built a high school by itself, a 912 building, let's say over there, you would you would just renovate this building into an elementary middle school. >> This would always be used. It's never going to not be used for something. Okay? I'm just saying that's kind of some ideas. If you built an elementary school, then you would do a middle and a high school. You still continue to keep the same building in use. You would just have an additional building. >> Sure. >> Yep. >> That's true. That's another another issue. >> Yeah. Yep. >> Right. So I don't know what that equates to use that go ahead and maybe
085convert the >> courtyard and you're not going to see a huge change on that field or something like that get those rolling simultaneously so that you're getting the referendum involction. for the election year and then start the >> sure you you know you can do it you can do a $5.5 million project you can do a $2 million project after that you know so you can kind of spread them out >> and you hope your assessed value goes up during that time >> that's the biggest thing >> what's the impact on the operational budget when you talking about new building because you have to have heat and air personnel on and operational budgets come from. >> Yeah. as as long as growth comes, we're we're in good financial shape to do that. Yes. >> I
086think Dale had a question. No, >> everybody's just all together. >> Yeah, because because he started right after Mr. Morris left, Dr. Apple started capping perk. If we saw, you know, if he saw fifth grade starting >> Yeah. Yeah. And that's the only way that's like like I said earlier, that's the only way that getting rid of out of district kids would ever could ever make sense is if you you spilled over into a whole another classroom. But but Dr. Apple's keep an eye on that. >> And again, we're we're we're for that. We've been pretty stable in enrollment. Most corporations, the exception of some up around Indie, especially the northern part, but even down Center Grove, most school corporations are [clears throat] hemorrhaging kids left and right. I I don't know of a single
087school corporation in in the state of Indiana that does not take out of district transfers. Financially, you have to uh just to to keep the doors open, keep the lights on. Say that again. >> If for some reason that >> if for some reason the the company that's building houses right now goes bankrupt and they don't build any more homes or there's never another subdivision when we anticipate. Say that one more time. >> [laughter] [clears throat] >> No, they're toddlers. >> Oh, hell. [clears throat] >> The board. >> Yeah. >> Baseball down there. How many >> redessa >> redesses? >> Reessa, >> the only reason we're talking about is because we're currently out of we're currently out of space. Now, it doesn't mean we have to build a $45 million building. doesn't mean that. >>
088It means that we need to we need to adapt to what we have. Okay? And right now and you know that and you know that we've got we've got we're hurting for space. So can we do it this way? Can we build this much for this much money and not kill us tax- wise? You know you know we're we're throwing out numbers all kinds of stuff to you just so you know what's going out there. Doesn't mean we're going to do it. Doesn't mean you're going to want to do it. It means here's an option, here's an option and here's an option. Okay? And all we're doing is kind of throwing it out there. And um and and we we we certainly want to be not crazy out there, okay, with with this, you know,
089we we're trying to be uh very uh very comparable to what we can do and what we need, though space, okay? And here's how much money we can spend, you know, here and here's what we can do, you know, and not kill you tax wise, kill me tax- wise and you tax-wise, you know, that's what we're trying to do. Yeah, go ahead. >> I don't know how much this would and I don't know some of us have kids that are going to be under the new requirement. The state is pushing for career pathways to be developed. We can't develop career. We don't have any space. We don't have the space for and that's the trend of that's therenducianapolis. around the corporations are are already doing that. They're already setting up. So, I mean, I understand
090I don't like that either because I live in town. I'm not just in town. But realistically, if we don't have the lose, >> we can now build that later. don't have it now. That's the first consideration I >> think [laughter] it's getting late >> 10 10:15 And the last one is done at 118. >> Five different lunches. >> That's being looked at with uh with one of the designs of having another. >> We've looked at additional cafeteria where the library is now potentially over there. We've looked at blowing out these walls. had conversations with Miss Denny about what it could hold, >> if we need a second cafeteria, second kitchen, if we can just transport over. And we we've started those discussions. Ryan um I was just thinking how difficult it is to try to
091predict your number of students that are going to be here grow and thinking more in terms of like world movement over 20 years ago. And now it's much lar that >> I haven't seen um a study from the state level on on that. Uh but that's why we always look at transfers in and out. Uh what it again what it doesn't track are homeschool and we know that that's a a significant amount especially here in a small rural area. Um and so you rule of thumb you try to look at 5 to 10% of what you have and factor that in. Ryan's looked um he he compiled this data for us. Um from Silver Creek down to Tel City up to Scott Salem um over to East Washington. >> Um I'm just looking through here.
092There's uh Silver Creek [cough and clears throat] has plus 52. Orleans has a plus 101. Springs Valley is + 12. We're plus what was it? um two no plus 115 >> and West Washington is plus 201 everybody else is losing students or a net loss. So that tells you what where people want to send their kids. So even even if there is a homeschool trend coming up, people want to send the the students to these schools which includes ours. That's true. >> Yeah, >> you're right. >> The education fund, not the what they don't support is the operation fund. >> Yeah, they don't they don't support. [cough] >> I agree [clears throat] with you. You're right. You're absolutely right. >> That's that's the conundrum. >> Yeah, >> that's what makes it. >> Yeah. [clears throat]
093Absolutely. I totally get it. Yep. Anybody have any more questions? >> Dave Bergman. >> Oh, Dave Bergman. Sorry. Look at available. >> Yes. We have the same number of commoders. >> Okay. >> Any more questions? Okay. I think we'll call it a end of the meeting. >> I I just want to say I appreciate everybody coming out. I think everybody everybody that's been involved in this school corporation for the last 30 40 years was really excited because we're looking at a new school. Then the dollars reality hit and as a board member I wanted to make sure and everybody else did but I can only speak for me. I wanted to make sure everybody knew what we were thinking or where we were kind of going that that is a big hit and we can't
094ask our community that that when we voted not to proceed with the referendum we didn't get home from this meeting as a school board >> what we're going to take from this meeting is there's not a tremendous amount of opposition to to not do the referendum and then to look at alternative options to get some space on this footprint within financial constraints that the community seems that they can deal with. Yep. >> All right. Thank you very much. >> Thanks, guys. [music] Heat. [music] Hey, Heat.