Cap All Property Taxes (CAPT)

Vote NO on referendum Nov 3

MCC originated property tax caps that are now in our Indiana State Constitution to keep units of government from overspending and engaging in excessive mismanagement. Gary citizens are now being asked to vote for an $8,900,000 per year increase for 8 years ($71,200,000+/) over the State tax caps for a continuously failing mismanaged school system that already has plenty of money to run a successful school system. Reasons why No referendum money is needed.....

No referendum money needed to fix up buildings. Thanks to the Indiana Legislature, Gary Schools have $470,000 per month for 4 ½ years ($25,000,000+/-). Source: IN Senate Bill 408 as reported in The Times June 26, 2020

No referendum money needed for a slush fund with $4,000,000 from U.S. Steel's one-time payment to schools in lieu of property taxes. Source: The Times, December 19, 2019

No referendum money needed for coronavirus-related expenditures when receiving $4,000,000 through the CARES Act. Source: Indiana Finance Authority FAQs, June 12, 2020

No referendum money needed when Gary schools already get State of Indiana funding of $7,880 per student, local funding of $3,312 per student and Title I funding of $1718 per student, for a total of $12,910 per student. That’s $12,910 X 4,400 students or $56,804,000 per year to support students and even raises for teachers. Source: State of Indiana Department of Education Title I Forecast for the 2020-2021 School Year, IN DOE Form 9

2020 GCSC Referendum Tax Impact PDF

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Email us at capallpropertytaxes@gmail.com.

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Marquette Park Pavilion
Saturday, Feb 13, 2021

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