Indiana Distressed Unit Appeals Board

Senate Approves School Financial Management Bill

Mar 7, 2018
Lauren Chapman / IPB News

Lawmakers in the Senate approved a controversial school financial management bill Tuesday.

Parts of the bill would heavily impact the function and oversight of  Muncie and Gary schools and have stirred heated debate in recent weeks.

Legislative Services Agency

State lawmakers want to figure out how to identify and help school corporations before they fall into financial distress.

Monday a study committee heard about possible ways to evaluate a district’s income and debt.

The state’s Legislative Services Agency, a bipartisan legal analysis group, offered different indicators and methods to analyze those indicators, such as outstanding bond debt and income, to figure out if a district is fiscally sound or trending into trouble.