’26 Article 23 – Capital Reserve Fund – Maintenance of Town Buildings – $100,000 (UFB)

To see if the Town of Hampton will vote to raise and appropriate the sum of $100,000 for the purpose of adding to the Municipal Buildings Capital Reserve Fund previously established under Article 22 of the 2025 Town Meeting.  Said sum of $100,000 to come from the Unassigned Fund Balance.

What it means: The Article is asking to add funds to a Capital Reserve Fund (CRF) that was established in 2025 specifically for maintaining, repairing and upgrading town-owned buildings. The intention is to have the funds for needed repairs or upkeep, and the Board of Selectmen have been named as agents – meaning that they can make withdrawals as needed.  The $100,000 that will be deposited to this CRF would come from the Unassigned Fund Balance, and would not have a fiscal impact in 2026.

No one spoke for or against this Article at Deliberative Session, other than to explain it.

Fiscal impact: No tax impact in 2026, as the funds would be withdrawn from the Unassigned Fund Balance.