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 41 - $3,000 to pay to Experience Hampton Inc  (1350 Views)  (1 Comments)

Warrant Article Created By: Citizen Petition

Results Votes in Favor Votes opposed Total Votes Required To Pass
2122 469 50%
Rational Taxpayer's recommends voting Yes

On the petition of John Nyhan and at least 25 Hampton registered voters, shall the Town of Hampton raise and appropriate $3,000 to pay to Experience Hampton Inc, the organizer of the 2010 to 2017 Hampton Christmas Parades, to help defray the expenses of the 2018 Christmas Parade and related activities? (Majority vote required)

Recommended by the Board of Selectmen 5-0-0

Recommended by the Budget Committee 9-0-1

Fiscal Impact Note (Finance Dept.) The estimated 2018 tax impact on $3,000 is $.001 per $1,000 valuation (one tenth of one cent per thousand dollars of valuation).

 


Comments

# Jerry Znoj Tuesday, January 16, 2018 10:55 PM
How can anybody vote against Christmas???? Everybody loves a parade and Santa. This is a well attended event and the makeup and organization of the parade is terrific. Thank you experience Hampton .

Publish your own comment

Only registered users may post comments.