School corporations; certain cities
Sec. 5.6. (a) This section applies only to a school corporation that
is located in a city having a population of more than one hundred five
thousand (105,000) but less than one hundred twenty thousand
(120,000).
(b) Before February 1 of each year, the officers of the school
corporation shall meet to fix the budget for the school corporation for
the ensuing budget year, with notice given by the same officers.
However, if a resolution adopted under subsection (d) is in effect, the
officers shall meet to fix the budget for the ensuing budget year
before September 20.
(c) Each year, at least two (2) days before the first meeting of the
county board of tax adjustment held under IC 6-1.1-29-4, the school
corporation shall file with the county auditor:
(1) a statement of the tax rate and tax levy fixed by the school
corporation for the ensuing budget year;
(2) two (2) copies of the budget adopted by the school
corporation for the ensuing budget year; and
(3) any written notification from the department of local
government finance under section 16(i) of this chapter that
specifies a proposed revision, reduction, or increase in the
budget adopted by the school corporation for the ensuing
budget year.
Each year the county auditor shall present these items to the county
board of tax adjustment at the board's first meeting.
(d) The governing body of the school corporation may adopt a
resolution to cease using a school year budget year and return to
using a calendar year budget year. A resolution adopted under this
subsection must be adopted after January 1 and before July 1. The
school corporation's initial calendar year budget year following the
adoption of a resolution under this subsection begins on January 1 of
the year following the year the resolution is adopted. The first six (6)
months of the initial calendar year budget for the school corporation
must be consistent with the last six (6) months of the final school
year budget fixed by the department of local government finance
before the adoption of a resolution under this subsection.
(e) A resolution adopted under subsection (d) may be rescinded
by a subsequent resolution adopted by the governing body. If the
governing body of the school corporation rescinds a resolution
adopted under subsection (d) and returns to a school year budget
year, the school corporation's initial school year budget year begins
on July 1 following the adoption of the rescinding resolution and
ends on June 30 of the following year. The first six (6) months of the
initial school year budget for the school corporation must be
consistent with the last six (6) months of the last calendar year
budget fixed by the department of local government finance before
the adoption of a rescinding resolution under this subsection.
As added by P.L.178-2001, SEC.2. Amended by P.L.90-2002,
SEC.149; P.L.177-2002, SEC.7.
Last modified: May 28, 2006