’26 Article 30 – Capital Reserve Fund Municipal Transportation Improvement Fund

To see if the Town will vote to adopt the provisions of NH RSA 261:153 (VI) to levy an additional motor vehicle registration fee in the amount of $5.00 to support a municipal fund for improvements in the local or regional transportation system including roads, bridges, bicycle and pedestrian facilities, electric vehicle charging stations, parking and intermodal facilities, and public transportation. With the adoption of this article the Town shall establish a Capital Reserve Fund pursuant to RSA Chapter 35 to be known as the Municipal Transportation Improvement Fund, and to name the Select Board as agents to expend. The funds may be used for engineering, right-of-way acquisition, and constructions costs of transportation facilities, and for operating and capital costs of public transportation only. The funds may be used as matching funds for state or federal funds allocated for local or regional transportation improvements and shall not be used to offset any other non-transportation appropriations made by the Town.

What it means: This Article proposes a $5.00 surcharge on motor vehicle registrations to be deposited into a new Capital Reserve Fund that would support transportation needs including roads, bridges, bicycle and pedestrian facilities, electric vehicle charging stations, parking and intermodal facilities, and public transportation.

Fiscal Impact: There is no direct tax impact for this Article, but an additional $5.00 would be collected each time you register a vehicle.