By Liz Gelardi
INDIANAPOLIS, Ind. (Oct. 7, 2014)– City-County Council Members reached an unexpected compromise that could fund a portion of Mayor Greg Ballard’s preschool plan.
The Administration and Finance Committee voted in favor of giving $1.7 million to fund Pre-K. The proposal would still have to go before the full council.
In the meantime, the Ballard Administration has continued to seek corporate and private dollars to fund preschool programs. The Lilly Endowment Inc. has pledged to raise $10 million dollars for the cause. The mayor’s proposal to fund the programs by eliminating the local home stead tax credit failed.
The council committee decided to take the $1.7 million from a budget item that would go toward funding the local homestead tax credit. A council member said $12 million dollars was budgeted for the credit but only about $10 million is needed.
Councilman Benjamin Hunter was pleased with the outcome. He tweeted, “Compromise in Admin and Finance Committee keeps the possibility of city funding Pre-K alive for now.”