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Noblesville Utilities presents 2026 budget forecast and plans bond for two large wastewater projects
Summary
Noblesville Utilities told council it expects a 2.9% increase in operating expenses for 2026, no department-wide cost-of-living adjustment, and is planning a 2026 bond to fund Headworks Rehabilitation (~$10 million) and Lift Station 20 replacement with a long force main (~$16 million). The department says Moody's rating rose from AA2 to AA1.
Jonathan Margot, speaking for Noblesville Utilities, presented the department's 2026 revenue and expense forecast and outlined several capital priorities the utility expects to fund via a 2026 bond.
Margot said budgeted expenses are projected to increase by about 2.9% year over year and that the department followed the citywide policy of not providing a department-wide…
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