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Noblesville Schools warns $25M gap; could close an elementary and cut 20% of staff without referendum funding

According to WISH-TV, Noblesville Schools said in a district press release on 2026-10-02 it faces about a $25 million shortfall—roughly 20% of operational funding—if voters do not approve continuing its operating referendum. The district projected an elementary school closure, a 20% staff reduction and cuts to programs and extracurriculars.

BUSINESSINDY BRIEFPublished October 4, 2026 at 9:36 AM EDTOriginal reporting: October 2, 2026 at 6:44 PM EDT · Brief prepared from earlier coverage
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Per WISH-TV, Noblesville Schools said in a district press release on 2026-10-02 the operating referendum provides about 20% of the district’s operational funding (roughly $25 million). Superintendent Dr. Dan Hile told the station the district would need to find about $25 million in savings if the referendum is not renewed.

The district’s announcement listed planned reductions if the referendum is not approved, including closing an elementary school, cutting 20% of staff, and reducing or ending programs and extracurriculars. The referendum will appear on the ballot as Public Question #3; the district said the current measure would expire at the end of 2026 if not renewed. The release included an example that an owner of a $350,000 home would pay about $1.88 more per month under the proposal and noted the voter registration deadline of 2026-10-05.

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