Purpose:
This fund is used only to buy school buses used to transport
children. This includes the large yellow
buses, special education buses, and activity buses.
Revenue Sources:
More than 99% of the revenue in this fund comes from
property tax and other local taxes.
Property Tax Impact:
The tax levy increases in this fund are limited by a state
inflation factor which has been about 2.5% for the last few years. This provides increased revenues in this fund
for most years. Buses are supposed to be
replaced based on a 12-year replacement plan, but in many school corporations,
including Center Grove, the tax levy does not provide enough money to replace
buses that often.