There has been debate among states as to how to properly fund schools. The debate has been focused on how much funding is supplied through property tax and is motivated by tax payer anger over fluctuating tax bills. Many of the policies have been implemented without looking at the effects that they will have on schools, especially in Indiana, which saw dramatic restructuring of its school funding mechanism and property tax structure. This qualitative study explores the effects of how the current school funding mechanism and property tax caps has changed the job of the school superintendent in Indiana and to elucidate the superintendents' understanding of a general fund referendum, and how the superintendents perceive their role in light of the new financial realities of their school districts.