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
We, the undersigned residents of Hampton, Petition the Town of Hampton to place on the warrant the request to see if the Town will vote to raise and appropriate the amount of $5,100 to support One Sky Community Services in their efforts to provide vital support and services to those individuals with developmental and intellectual disabilities who reside in the Town of Hampton, in the Town’s 2018 budget.
Recommended by the Board of Selectmen 3-0-0
Recommended by the Municipal Budget Committee 8-1-2
Fiscal Impact Note (Finance Dept.) The estimated 2018 tax impact on $5, 100 is $0.002 per
$ 1,000 valuation (two tenths of one cent per thousand dollars of valuation).