09/24/2024

The proposed 2025 Noblesville Civil City budget was introduced by Deputy Mayor Matt Light and CFO and Controller Jeff Spalding to the Common Council at its Sept. 24 meeting. The budget will be open for consideration and amendment for a month and eligible for adoption at the Oct. 29 council meeting. The 2025 proposed Civil City budget totals $127,685,621 with an operational budget of $110,422,574 which excludes bond payments.

Mayor Chris Jensen's budget focuses on all four of the mayor's policy pillars: public safety, infrastructure, downtown & quality of life, and economic & workforce development. The budget maintains a tax rate of $1.10 for the fourth consecutive year, all while serving a growing community through supporting core services with continued investment in infrastructure and quality-of-life projects.

“This budget makes investments that support the expanding Noblesville community, stimulates the economy, and grows our tax base responsibly. We're focused on strengthening core operations and personnel while advancing key infrastructure and quality-of-life initiatives, such as the new police station,” said Noblesville Mayor Chris Jensen. “Our administration is committed to a thoughtful and strategic approach in managing the budget to ensure we are responsible stewards of taxpayer funds. With these efforts, our city is financially prepared to keep up with its growth, and there is much to look forward to.”

The proposed 2025 budget makes continued investment in top capital priorities, including Pleasant Street with the extension of the Midland Trace Trail, Innovation Mile, a new police station, trail projects, and road improvements. The budget also keeps pace with increased service demands from community growth. The budget aligns ongoing spending increases with the city’s 8-year revenue growth trajectory, featuring an overall Core Operational Budget increase of 6.4%. The proposed budget continues to focus on government modernization, efficiency, return on investment, cost containment, and proactive preservation of large assets.

The budget has been formulated over a several month period involving intensive review and analysis by city departments and the central finance office.  Departments detailed budget reports and requests to the Council in three work sessions held in August, and key budget components have been discussed at multiple Council Finance Committee meetings. 

“This budget addresses the needs of our growing city while aligning with the objectives set by the council and administration," said Noblesville Common Council President Darren Peterson. "The proposed budget also ensures financial stability for Noblesville. The council looks forward to continuing to work with the city's administration to ensure that the final product protects taxpayers and addresses community priorities."

For the 2025 Introduced Budget Overview, click HERE.