HSE seeks 22-cent referendum, introduces $325.9M 2027 budget; public hearing Oct. 14

Reported by Current Publishing, HSE presented its advertised $325.9 million 2027 spending plan to the board and public for the first time on Sept. 23, 2026, and held public and virtual presentations about the referendum Sept. 22. The proposed referendum would set a 22-cent rate compared with the current 19-cent rate; ballot language lists a 36-cent maximum levy.

HSE officials told Current Publishing the advertised budget includes about $2 million more than their predicted budget as a cushion, and that prior spring staffing reductions saved roughly $8 million for 2026. They warned a failed referendum would require about $10.5 million in cuts, that declining enrollment will reduce state funding by an estimated $500,000 in 2027, and that the district estimates an average homeowner would pay about $26 more annually under the proposed 22-cent rate versus the existing referendum. An online property-impact calculator is at hseschools.org/community/referendum-2026. HSE said referendum funds would be used for teacher salary/benefits, behavioral health services and school safety; raises and final salary figures are subject to collective bargaining.

Report a correction · Editorial standards · Our source directory

BusinessIndy examines this development and its implications for Indiana businesses and communities using the linked sources.