Vigo County Schools has lost $80 million to $100 million in property tax revenue since 2015 to the state's tax caps

What happened

Vigo County Schools is projected to lose more than $10 million in property tax revenue in 2026 to Indiana's constitutional property-tax caps — also called the "circuit breaker," a limit on how much of a property's tax bill any government can collect. Over $10 million projected lost this year, 49:51 A finance presentation to the county's oversight board later corrected an earlier $150 million cumulative-loss figure since 2015 to $80 million to $100 million. District corrects the cumulative total to $80-100 million, 1:10:17 Stifel consultant Chad Blacklock said the loss lands entirely in the district's operations fund, which pays for transportation, custodians, and building upkeep. Loss hits the operations fund only, 49:21

The outcome

No vote was taken on the presentation; the board moved to public comment and adjournment after the briefing. Board moves to adjournment after the presentation, 1:16:41

Sources

• Over $10 million projected lost this year, 49:51
• District corrects cumulative loss to $80-100 million since 2015, 1:10:17
• Loss hits the district's operations fund only, 49:21

Also known as: circuit breaker loss · property tax caps · Vigo County Schools revenue loss · why Vigo County Schools has less money · tax cap loss since 2015