After parent advocacy, Indianapolis Public Schools will share $27.5M in referedum funds with charters
Innovation charter schools in Indianapolis will get a share of new, voter-approved funding thanks to advocacy from families, school leaders and advocates. In 2018, voters approved a property tax referendum that generated some $272 million in school funds for building improvements and teacher pay raises.
IPS is the first district to share such funds with charter schools, as current state law prohibits innovation charters from receiving funds directly from referendums. Thanks to the new revenue sharing plan, innovation charter schools will receive roughly $500 per student every year through 2026. Schools will be required to report out on how the funds were used and the impact they made.