The third adjustment is to ask the voters of the school district to approve a $5 million operational referendum to allow the district to replace money in the General Fund to offset
• some of the reduction in the per pupil funding from the state ($1.2 million by 2012)
• the unanticipated reduction of $2.3 million in January 2010
• the increased operating expense ($821,740) of additional square footage when renovation and building projects are completed in 2011 and 2012
• and the incremental increases in teacher salaries ($525,000 per year).

This also will give Noblesville Schools the ability to maintain reasonable class sizes as enrollment growth continues and to fund the rising costs of health benefits.


What if this doesn't pass?
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