MUNCIE, Ind. (RTV6) - Students in the Muncie Community Schools district could soon be without school buses.
A referendum to provide funding for M&M Bus CO, the company that runs the district’s 74 buses, was voted down Tuesday night by the people of Muncie.
The referendum called for raising property taxes by 22 cents for every $100 of assessed property value.
54 percent of voters voted against giving the company $3.35 million for the next school year.
"With the tax caps and the new state regulations, our budget for transportation has been cut over 80 percent, so quite honestly, we're not really sure where that money is going to come from," Vice President of Muncie Community School Board Tony Costello said.
The Muncie Community Schools district is responsible for transporting more than 4,000 students between kindergarten and 12th grade.
The next step will be to submit a waiver to the State.
What are your thoughts CLICK HERE to leave us a "Your2Cents” comment.
© Copyright 2014, A Granite Broadcasting Station. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.