Culver School Board Establishes Fund for Referendum Money

The Culver Community Schools Corporation will now officially be able to use its referendum revenues, following action by the school board. In November, voters agreed to let the school district raise property taxes by up to 17 cents per $100 of assessed valuation for an eight-year period. The school board took a final step Monday by establishing a Referendum Fund to accept that money.

Superintendent Karen Shuman says that money will only be used for a few, specific purposes. “So the money can only be used from the Referendum Fund based on how you advertise what the money’s going to be used for when you collect the referendum,” she explains. “So for ours, it would be teacher salaries, educational programming, school safety.”

Even though the fund is just now being established, the school corporation already had permission to spend money out of it, as part of its 2019 budget.