Shall the Town of Hampton vote to raise and appropriate as an operating budget, not including appropriations by special warrant articles and other appropriations voted separately, the amounts set forth on the budget posted with the warrant as amended by vote of the first session, for the purposes set forth therein, totaling $26,836,977. Should this article be defeated, the default budget shall be $26,450,035, which is the same as last year, with certain adjustments required by previous action of the Town of Hampton or by law; or the governing body may hold one special meeting in accordance with RSA 40:13, X and XVI, to take up the issue of a revised operating budget only. (Majority vote required)
Fiscal Impact Note (Finance Dept.) The proposed operating budget figure of $26,836,977 is an increase of $237,546 more than the budget amount adopted in 2016 of $26,599,431. The net estimated 2017 tax impact of the proposed operating budget is $0.072 per $1,000 valuation (seven point two cents per thousand dollars of valuation). The default budget figure of $26,450,035 is a decrease of $149,396 less than the budget amount adopted in 2016. The net estimated tax impact for the default budget is -$0.045 per $1,000 valuation (negative four point five cents per thousand dollars of valuation).
What it means: This is the proposed operating budget for the Town of Hampton for 2017, created with input from department heads, committees and commissions, and vetted by the Board of Selectmen and the Municipal Budget Committee. If voters do not approve the operating budget, the default budget will automatically become the operating budget for the Town for the year 2017.
- To calculate the effect on your property tax (for your specific property):
- Divide the Tax Assessor’s Valuation of your home by 1,000. (Example: for the average assessment of $404,000, the number to use would be 404.) Use your latest tax bill, or go to: http://gis.vgsi.com/hamptonnh/Search.aspx and enter your street address to get your valuation.
http://gis.vgsi.com/hamptonnh/Search.aspx and enter your street address to get your valuation.
- Multiply the result in #1 by .072 to get the tax impact of the proposed Operating Budget. Multiply the result in #1 by -.045 to determine the tax impact of the Default Budget.
Those in favor say: No one spoke in favor of this Warrant Article.
Those opposed say: There was a proposed amendment to reduce the budget by $519,749, an amount that reflects changes in debt service that was defeated at Deliberative Session.
Fiscal Impact: The average Hampton home valued at $404,000 would bear an increased tax cost of $29.09 in 2017 if Article 14 passes.