Indianapolis Public Schools facing $20 million deficit

• The Indianapolis Public Education Corp., an independent body appointed by the mayor and created by the Indiana General Assembly, decided this week to ask voters for a 37.2-cent increase per $100 of assessed value.
• Without it, the district would be looking at a budget gap of more than $60 million, according to the board.
• The current referendum rate, approved in 2018, is 19.6 cents per dollar.

Zoom in: If approved, the $87.8 million generated for each of the next four years would be split evenly among area charter schools.

• IPS would receive an estimated $43.9 million and still need to make an additional $20 million in cuts — on top of the $24 million the district has already announced.

Zoom out: It's expected to be a record-setting year for referendums around the state as schools adjust to property tax cuts and other policy changes passed in the last two years.

• IPS is at least the 16th district to approve a referendum for the November ballot.
• Districts must have their proposals approved and filed with the state by Aug. 1.