SEA 1 — The Facts, Legislation, & Effects
“What even is ‘Senate-Enrolled-Act 1?’”
SEA 1 or Senate Enrolled Act 1 is a bill that was passed in 2025. This bill is a major variable in the ways in which public schools receive funding — specifically in the form of property taxes.
This bill was signed by many members of the legislative assembly — including Jim Buck (S-21) and Heath VanNatter (H-38)
SEA-1 causes a $730,000,000.00 loss in operational funds toward the hoosier public school system over the next four years. This includes an estimated $2,700,000.00 Tipton Community School Corporation will lose within the 2027-2031 window.
The relief expected from SEA 1 is crucial, especially for farmers.
However, the treatment of which our government was authorized to prescribe was not only ineffective, but disastrous…
“What even is ‘Net-Assessed Value?”
Net Assessed Value (NVA) is the taxable amount of property after deductions.
SEA-1 is expected to dramatically impact the Net Assessed Value of property in rural areas over the next decade. When the “NVA” decreases, the amount in which public schools can collect through property taxes naturally decreases, too.
This is why many are witnessing a conversation being held about a “referendum*…”
*At this time, there is NO “TCSC Referendum Impact Calculator…”
Did You Know?
Voter registration CLOSES October 5th!
You can’t vote if you don’t register…
