INDIANAPOLIS (WISH) — A bill to significantly reshape how Indianapolis Public Schools is governed is near the finish line after a Tuesday afternoon vote.

The Senate narrowly approved the bill to create the Indianapolis Public Education Corporation, with 12 Republicans joining all nine Democrats present in voting against it. The corporation would consist of nine members appointed by the mayor of Indianapolis.

It would have authority over IPS’ budget and would be responsible for developing a single facilities and transportation management plan for all traditional public and charter schools within IPS’ footprint, which roughly matches the pre-1970 city limits of Indianapolis. The elected IPS board would retain control of day-to-day operations.

The bill is the result of last ...