If all articles pass the municipal portion of the tax rate will rise from $6.32 in 2017 to $6.74 in 2018, or a 6.6% increase. The WWTP bond is not included in the 2018 $6.74 rate, as the bond is not anticipated to hit the tax rate until 2019. However, the bond if approved will add another $.19 to the muni tax rate bringing it up to $6.94 or an 9.8% increase as a result of Warrant Articles approved in March of 2018. Seven proposed articles are funded from the UFB (Unassigned Fund Balance aka accumulated surplus), which would result in a $540,000 withdrawal. Had the UFB not been used in these articles the impact, including the WWTP bond, would result in a muni tax rate of $7.10 or a 12.3% increase.
Warrant Article Created By: Selectmen
Shall the Town of Hampton vote to raise and appropriate the sum of $50,000 for the purchase of the following replacement vehicle for the Department of Public Works one replacement yard horse tractor, the replaced vehicle to be traded in if deemed to be prudent by the Public Works Director, Town Manager and Board of Selectmen. This shall be a non-lapsing appropriation per RSA 32:7, VI and shall not lapse until these purchases are completed or by March 31, 2019, whichever is sooner? (Majority vote required)
Recommended by the Board of Selectmen 5-0-0
Recommended by the Municipal Budget Committee 9-0-0
Fiscal Impact Note (Finance Dept.) The estimated 2018 tax impact on $50,000 is $0.015 per $1,000 valuation (one point five cents per thousand dollars of valuation).