School board approves May referendum
Noblesville Schools has taken the first step toward moving Noblesville High School freshman back to the NHS main campus and the Noblesville East Middle School program to the freshman campus.
The Noblesville School Board voted this morning to pursue a referendum in the amount of $28 million to fund the expansion of NHS to accommodate growth and the return of the freshman class and the expansion of the current freshman campus to allow the relocation of the east middle school program to that site. The referendum will be conducted on May 7.
The $28 million would fund the projects and provide the district the opportunity to use $3 million to refinance and defease general obligation bonds and lower the tax rate impact of the projects proposed. The maximum tax rate increase is 10 cents, but refinancing the general obligation bonds would bring the increase down to 2.44 cents.
Public forums are scheduled for 7 p.m. on Feb. 27, March 5 and 25, and April 9. Questions about the referendum can be emailed to email@example.com.