LOWELL | Tri-Creek School Board members want downstate legislators to know they oppose the elimination of the business personal property tax.
The board approved a resolution stating its disapproval of the proposal being pushed by the governor.
"In 2013, we had a $244,115 loss from the (property tax) circuit breaker. Add $58,701 for 2014," Superintendent Debra Howe said in her recommendation to the board.
That total of $302,816 in tax dollars would be increased by $101,000 in tax dollars lost should the business personal property tax be eliminated, she said.
Howe decried the fact Hoosier legislators are considering the measure without offering a way to make up the loss without putting it back on the people.
Tri-Creek Business Manager Dana Bogathy said, since learning the district's assessed valuation had been incorrectly computed by county officials, she has not yet had the chance to amend the circuit-breaker impact.
Bogathy said she is grateful to Lowell's consultant, who discovered the error that had reduced the district's assessed valuation by $43 million.
Howe said Tri-Creek joins other school corporations, including Duneland School Corp. and School City of East Chicago, in formally objecting to the business personal property tax elimination.