Schools & Nonprofit Building Corporations

School districts have utilized what some call a “gimmick” under state law allowing the use of nonprofit building corporations.  It is a complicated mess I have known about for a long time but had no idea how to explain it in a way most people could understand because of its complexity.

I give high marks to Indianapolis Star reporter Emma Kate Fittes for taking on that task and explaining, as simply as possible, the tangled web of nonprofit corporations and school corporations in the construction and renovation of school buildings.

Reporter Fittes cites two specific Hamilton County examples, one in Westfield and the other in our own Hamilton Southeastern Schools.

I would recommend this article to anyone with an interest in school finance.  It appeared in the November 13th edition of the Star.

You can read the Emma Kate Fittes story at this link.