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: Citizen Petition
On the petition of Sunny Kravitz and at least 25 Hampton registered voters, we request that a Warrant be placed on the 2018 Town Meeting of Hampton for the following:
Shall the voters of Hampton vote on all Non Union wage and/or benefit increase that exceed the annual Social Security Cost of Living Adjustment.
For a number of years the Board of Selectmen has voted during the fall to grant wage and benefit increases to a few not elected Non-Union employees. In the future all such increase must be approved in a Warrant Article by the tax payers of Hampton.