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 $10,000 to conduct a Household Hazardous Waste Collection Day during calendar year 2018; and to authorize the Board of Selectmen (a) to permit the Towns of Hampton Falls and New Castle to participate in said collection day at their own expense; and (b) to apply for, accept and expend for such purposes any funds from the State of New Hampshire, the Federal Government, and any private source as may become available? (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 $10,000 is $0.003 per $1,000 valuation (three tenths of one cent per thousand dollars of valuation).