Kokomo School Corporation Operating Referendum FAQ

What is a referendum?
A referendum is an opportunity for local voters to invest in the local school corporation with additional property tax revenue beyond what could be collected without a referendum.

Has the Kokomo School Corporation ever pursued an operating referendum?
No, this is the first time the Kokomo School Corporation has pursued an operating referendum.

Can construction projects be funded through the operating referendum?
Construction projects are NOT funded using operating referendum revenue.
What can the operating referendum pay for?
The Kokomo School Corporation will use the referendum funds to pay for the following:
- Investing in students by enhancing learning opportunities and academic programs.
- Retaining, recruiting, and supporting teachers and staff through professional development to improve student learning outcomes.
- Upgrading technology infrastructure and software for teachers, staff, and students.
What is the length and tax impact of the operating referendum?
The length of the operating referendum would be eight years. The tax rate would be $0.26 per $100 of net assessed value.
What will the referendum cost me as a residential property owner?

For the median-priced home in Kokomo School Corporation, the homeowner would fund an estimated $8.02 a month or $0.26 a day.

CLICK HERE to open the investment calculator

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