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Noblesville Council adopts 2026 budget, limits tax rate to $1 while projecting lower actual rate
Summary
The Noblesville Common Council on Oct. 7 adopted a 2026 budget the administration says is about $8 million smaller than 2025 and approved a companion resolution capping the certified tax rate at $1.00; the CFO said he expects an effective rate of about $0.97.
The Noblesville Common Council on Tuesday adopted Ordinance No. 31-09-25 establishing the city’s 2026 budget and approved Resolution RC-36-25 to cap the maximum certified civil city property tax rate at $1.00 per $100 of assessed value.
Jeff Spalding, the city’s CFO and controller, told the council the document shows $119.2 million in reported fund totals but that adjusting for interfund transfers reduces the working total to about $112.9 million. Spalding said the adopted levy numbers on the ordinance provide an upper legal limit and that the administration expects the actual tax rate to be roughly $0.97.
"These establish an upper limit for what the city can legally levy," Spalding said, explaining the difference between the formal adopted numbers and the amounts the city plans to invoke. He added the upper limits give the…
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