When Clark-Pleasant and Franklin school officials were deciding whether to build new schools nearly a decade ago, one fact was clear: More students were coming.
In 2007, about 600 more students were attending Franklin schools than in 2003. At Clark-Pleasant, 400 to 500 new students were arriving every fall.
When school officials decided to build new schools for the new students, they had no way of knowing that a flood was coming and that the housing market was going to crash a year later. Then property tax caps were approved, which restricted the amount of money school districts can collect to repay their debts.