Indianapolis/Fishers Real Estate

It is the political time of the  year and one of my readers has asked that I publish a post on the Referendum to make everyone more aware.   I’m happy to do that to help educate the residents owning Fishers Real Estate.

On November 2nd, voters in Hamilton Southeastern School District will be asked to vote on a Capital Referendum  (HSE Facility Plan).  The Referendum would give the District permission to build new facilities to accomdate the growth in the District.   The District currently serves about 17,000 students and has been growing at a rate of about 1,200 students each year since 2000.

Here is how the Referendum reads:

“Shall Hamilton Southeastern Schools issue bonds or enter into a lease or leases to finance the tax neutral Maintaining Excellence project which includes the conversion of Hamilton SE Jr High into a Hamilton SE High School Freshman Center, building a new Junior High School and building a new elementary school all for the important purpose of maintaining reasonable class sizes at all grade levels and to alleviate the need for excessive use of portabe classrooms, which is estimated to cost not more than $62,000,000 and is estimated to increase the property tax rate for debt service by $0.0944 per $100 of assessed value, which will be offset by the Hamilton SE Schools’ repayment of other current obligations such that there is not anticipated to be any increase in the debt service fund tax rate during the repaymnt of the proposed financing?”

The Freshman Campus would occupy the current HSE Jr High facility on Olio Road beginning in the Fall of 2012   The new Jr High would be constructed at Cyntheanne Road and Greenfield Ave (land already owned by HSE).   The new elementary school would likely be constructed on HSE-owned land at 136th/141st stree area.

For more detailed answers to your questions, visit the HSEGrows FAQ.

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Other Northside Blogs (Carmel, Noblesville, and Geist)

 Cindy œin Indy Marchant  - Fishers Real Estate Agent
Keller Williams Realty Indy Metro NE
Fishers IN Real Estate Website
317-290-7775

Shall Hamilton SoutheasteShall Hamilton Southeastern Schools issue bonds or enter into a lease or leases to finance the tax neutral Maintaining Excellence project which includes the conversion of Hamilton Southeastern Junior High into a Hamilton Southeastern High School Freshman Center, building a new Junior High School and building a new elementary school all for the important purpose of maintaining reasonable class sizes at all grade levels and to alleviate the need for excessive use of portable classrooms, which is estimated to cost not more than $62,000,000 and is estimated to increase the property tax rate for debt service by $0.0944 per $100 of assessed value, which will be offset by the Hamilton Southeastern Schools™ repayment of other current obligations such that there is not anticipated to be any increase in the debt service fund tax rate during the repayment of the proposed financingrn Schools issue bonds or enter into a lease or leases to finance the tax neutral Maintaining Excellence project which includes the conversion of Hamilton Southeastern Junior High into a Hamilton Southeastern High School Freshman Center, building a new Junior High School and building a new elementary school all for the important purpose of maintaining reasonable class sizes at all grade levels and to alleviate the need for excessive use of portable classrooms, which is estimated to cost not more than $62,000,000 and is estimated to increase the property tax rate for debt service by $0.0944 per $100 of assessed value, which will be offset by the Hamilton Southeastern Schools™ repayment of other current obligations such that there is not anticipated to be any increase in the debt service fund tax rate during the repayment of the proposed financingShall Hamilton Southeastern Schools issue bonds or enter into a lease or leases to finance the tax neutral Maintaining Excellence project which includes the conversion of Hamilton Southeastern Junior High into a Hamilton Southeastern High School Freshman Center, building a new Junior High School and building a new elementary school all for the important purpose of maintaining reasonable class sizes at all grade levels and to alleviate the need for excessive use of portable classrooms, which is estimated to cost not more than $62,000,000 and is estimated to increase the property tax rate for debt service by $0.0944 per $100 of assessed value, which will be offset by the Hamilton Southeastern Schools™ repayment of other current obligations such that there is not anticipated to be any increase in the debt service fund tax rate during the repayment of the proposed financing