What will the impact of this renewal referendum be on property taxes for homeowners?
The 2023 renewal is at a reduced rate from the 2016 referendum, meaning the referendum will not cause a tax increase but will actually reduce the tax impact by 19.1% in 2024. Voting “YES”’ on the November 7 ballot question extends the stable funding Hamilton Southeastern Schools (HSE) receive for up to an additional 8 years. The referendum rate is a maximum rate and will be reviewed each year by the HSE Board of Trustees. Currently HSE Schools is the third lowest funded school district out of almost 400 traditional public schools, virtual online schools, and charter schools in Indiana. In future years, if changes are made by the Indiana state legislature to the HSE funding level, HSE can consider reductions in the rate.