Why Indiana School Districts Can’t Declare Bankruptcy
There’s no state law that would allow the state to takeover a cash-strapped district, which could be bad news for small school corporations struggling to survive.
There’s no state law that would allow the state to takeover a cash-strapped district, which could be bad news for small school corporations struggling to survive.
A small school corporation in northeastern Indiana is asking voters to approve a property tax increase or face consolidation with a nearby district.
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