School districts stand to lose more than $700 million under the latest plan to cut property taxes for Indiana homeowners.

The updated Senate Bill 1 would require local school districts to share property tax levies and voter-approved referendums with charter schools beginning in 2028.

Young people in Indianapolis have sought opportunities to speak out at Statehouse hearings and local school board meetings during the past few months.

Indiana schools, colleges and universities are being told to consult with their lawyers and end race-based programs or risk losing federal funding.

Senate Bill 518 would gradually redirect millions of dollars each year from traditional public schools to charter schools.

The latest plan will have the greatest impact on school districts in 2028, with an estimated reduction of more than $183 million in property tax revenue.

Look up how much funding your school cloud lose if Gov. Mike Braun's property taxes reform plan is approved by lawmaker.

School officials and representatives raised concerns to state lawmakers Tuesday about how some tax reform measures could hurt public school districts. Schools receive a large portion of their funding through local property taxes, and some advocates said reducing those taxes without replacing that funding could leave some schools in a financial crisis.

Indiana could get some more time to close out ESSER-funded projects. Schools can apply for an extension that would push the deadline from January to March 2026.

Turmoil over the state budget at the end of the 2023 session delivered another $312 million for K-12 schools as lawmakers gave final approval to the new two-year, $44.5 billion spending plan.