What is a general fund referendum? Who receives the money and who is allowed to vote for it?
A school corporation may conduct a referendum to create a property tax levy for purposes of supplementing the revenue it receives from the state funding formula. The school board would pass a resolution that states that the proposed referendum would be used to supplement existing revenues and the amount of the tax levy requested. A referendum is an additional levy raised through a special fund titled “referendum fund” for a period not to exceed seven years. However, a referendum tax levy may be re-imposed or extended under the law if approved by the voters of the district. The revenue would be collected by the county through the property tax bills of property taxpayers in the school district. The money does not pass through the state, but goes directly to the school from the county for the purposes of supplementing the general fund of the school corporation that pays for faculty and staff. The referendum would only be on the ballot of voters registered to vote in the Crown Point Commun
