Indiana law requires school districts to use different funding sources for different purposes.
The money borrowed through this bond cannot legally be used to pay teacher salaries, benefits, or daily operating expenses.
Likewise, state education funding and local referendum dollars cannot legally be used to build athletic facilities.
School Funding at a Glance
Capital Funds / Bonds: Buildings, athletic facilities, roofs, buses, major equipment, and infrastructure
Education Fund: Teacher salaries, classroom instruction, instructional materials, and student support
Operations Fund: Transportation, utilities, maintenance, custodial services, and daily operations
Because these funds are legally restricted, investing in the athletic facility did not reduce funding available for teacher salaries.