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SAU 21

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Saturday, February 18, 2017

Warrant Articles to be Vehemently Opposed
By Norm Silberdick @ 11:10 AM :: 6571 Views :: 1 Comments :: SAU 21, MoneyFlow, Salary Increase, Letters to the Editor

Hampton’s long term debt will more than double

As we get closer to the March election there are several warrant articles that Rational Taxpayers of Hampton are vehemently opposed to. After factoring in the interest expense associated with proposed bonds, the overall request is to authorize $50 million of additional spending for 2017. This amount of new spending is incomprehensible to us given that this is essentially equal to Hampton’s total property taxes collected last year. To be clear, property taxes will not double in 2017, but Hampton’s long term debt will more than double.