STATEHOUSE (Feb. 27, 2014) — A bill co-sponsored by State Sen. Randy Head (R-Logansport) to give flexibility to school systems facing reductions in transportation budgets unanimously passed the Senate Thursday.
House Bill 1062 would allow school corporations that have lost at least 10 percent of their transportation fund levies due to circuit breakers to use money from other funds to pay for transportation through 2016.
“Maintaining transportation is a big concern for many Indiana schools. Legislators have been working hard to find a solution to the obstacles school corporations face,” Head said. “House Bill 1062 provides necessary relief to struggling school corporations, ensuring they are able to keep buses running to provide safe and reliable transportation for students.”
HB 1062 also extends a current financial relief bill for schools by allowing corporations that lose at least 20 percent of their levies from the circuit breakers to refinance existing debt. This statute expired in 2013, but HB 1062 would extend it through 2018.
HB 1062 now returns to the House for further consideration.