Indiana Code Title 6. Taxation § 6-1.1-20-4.3

(1) A petition requesting the application of the local public question process under this section may be filed using, and in compliance with, the provisions that initially applied to the particular controlled project under section 3.5 of this chapter.  For purposes of this subdivision, the relevant provisions in section 3.5 of this chapter shall be construed in a manner consistent with this section.

(2) If a sufficient petition requesting the application of the local public question process for purposes of this section has been filed under subdivision (1), the following question shall be submitted to the eligible voters at the election conducted under this section:

“Shall __________ (insert the name of the political subdivision) increase property taxes paid to the __________ (insert the type of political subdivision) for no more than __________ (insert the number of years immediately following the holding of the referendum) years for the purpose of funding __________ (insert a brief description of the project use or purpose) for which the principal debt amount for the project will cost no more than __________ (insert the total cost of the project principal amount) and the financing cost including interest and fees will cost no more than an additional __________ (insert the total financing costs including interest and fees) and is estimated to increase the property taxes paid to the __________ (insert the type of political subdivision) by imposing a property tax rate that results in a maximum annual amount that does not exceed __________ (insert maximum amount of annual levy).  If this capital referendum public question is approved by the voters, for a median residence of __________ (insert the political subdivision's median household assessed value, rounded up to the next fifty thousand dollars ($50,000)), the property's annual property tax bill would increase by __________ (insert dollar amount, rounded up to the next whole dollar) per year.”.

(3) The public question must appear on the ballot in the form approved by the county election board.  If the political subdivision in which the particular controlled project is located in more than one (1) county, the county election board of each county shall jointly approve the form of the public question that will appear on the ballot in each county.  The form approved by the county election board may differ from the language certified to the county election board by the county auditor.  If the county election board approves the language of a public question under this subsection, the county election board shall submit the language to the department of local government finance for review.

(4) The department of local government finance shall review the language of the public question to evaluate whether the description of the controlled project is accurate and is not biased against either a vote in favor of the controlled project or a vote against the controlled project.  The department of local government finance may either approve the ballot language as submitted or recommend that the ballot language be modified as necessary to ensure that the description of the controlled project is accurate and is not biased.  The department of local government finance shall certify its approval or recommendations to the county auditor and the county election board not more than ten (10) days after the language of the public question is submitted to the department for review.  If the department of local government finance recommends a modification to the ballot language, the county election board shall, after reviewing the recommendations of the department of local government finance, submit modified ballot language to the department for the department's approval or recommendation of any additional modifications.  The public question may not be certified by the county auditor under subdivision (5) unless the department of local government finance has first certified the department's final approval of the ballot language for the public question.

(5) The county auditor shall certify the finally approved public question to the county election board of each county in which the political subdivision is located.  The certification must occur not later than noon August 1.

(6) The public question shall be placed on the ballot at the next general election in which all voters of the political subdivision are entitled to vote.

(7) The circuit court clerk shall certify the results of the public question to the following:

(8) IC 3, to the extent not inconsistent with this section, applies to an election held under this section.

(9) If a majority of the eligible voters voting on the public question vote in opposition to the public question, or if a petition is not filed under subdivision (1), the political subdivision may not proceed with the changed scope of the controlled project.  In that case, the political subdivision may either:

(10) If a majority of the eligible voters voting on the public question vote in favor of the public question, the political subdivision may impose property taxes to fund the increase in the scope of the controlled project previously approved.