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.

Town of Hampton 2018 Warrant is current as of 3/8/2018

 Article 22 - $80,000 for storm water drainage system for the King’s Highway  (1627 Views)  (1 Comments)

Warrant Article Created By: Selectmen

Results Votes in Favor Votes opposed Total Votes Required To Pass
2104 490 50%
Rational Taxpayer's recommends voting Yes

Shall the Town of Hampton vote to raise and appropriate the sum of $80,000 to conduct an investigation and preliminary design for a storm water drainage system for the King’s Highway area from Winnacunnet Road to the closed 12th Street Sewer Pumping Station and from the closed 12th Street Sewer Pumping Station to High Street, to include Green Street, Meadow Pond Road, Gentian Road and portions of High Street and the numbered streets where necessary and including the design for converting the abandoned sewer line and pumping station to move storm water in the new system, with said sum of $80,000 to come from the Undesignated Fund Balance. This will be a non-lapsing appropriation per RSA 32:7, VI and shall not lapse until the work is completed or by March 31, 2020, whichever is sooner? (Majority vote required)

NOTE – These streets are regularly inundated with water covering and ponding in the roadways. The water is considered a traffic hazard due to the potential for freezing during the winter and also causes conflict during the summer when motorists are trying to avoid the water with pedestrians and bicyclists in the roadway. The elevation of the water table and the infiltration rates of the soils prevent water from being able to infiltrate into the subsurface areas. The grade of the roads and the saturated soils cause water to cover and pond in the roadways and flood yards along these streets.

Recommended by the Board of Selectmen 5-0-0

Recommended by the Municipal Budget Committee 9-0-0

Fiscal Impact Note (Finance Dept.) No Tax Impact.


Comments

# stevejnh Sunday, February 18, 2018 2:01 PM
Another "Undesignated Fund Balance" free money that grows on trees.
There is a Tax impact to this!

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