IN HB1423

Establishes the Indianapolis Public Education Corporation as a new municipal corporation governed by a 9-member board appointed by the mayor, effective March 31, 2026, to oversee unified student transportation, school property management, and school performance for participating schools within Indianapolis Public Schools boundaries.

Beginning with the 2028-2029 school year, the corporation will control management of school property, implement a unified transportation plan for all participating schools, develop a single school performance framework with processes to close chronically low-performing schools and inefficient buildings, and manage a unified enrollment system.

Restricts charter school authorizations within IPS boundaries after April 1, 2026, limiting new charters to the charter board, the consolidated city executive, or the school city; existing charters from other authorizers may continue until expiration.

Transfers financial and tax levy powers from IPS to the corporation after March 31, 2026, including debt service levies, operations fund levies, and referendum authority, while existing IPS debts remain IPS obligations and the corporation may receive up to 3% of distributed property tax revenue for operations.

Declares an emergency for immediate effect and requires the corporation board to submit feasibility studies on school property management and unified transportation plans to the legislative council by November 30, 2026 and 2027.