Article 18: Road Improvement Capital Reserve $300,000

Here’s a link to the Article as it will appear on the Ballot:

Article 18.pdf

What it means: $300,000 would be raised via 2015 taxes and added to the Road Improvement Capital Reserve Fund, which has a current balance of $632,000. This is the fund that will be used for repair of failing roads in the future.

Those in favor say: This is a prudent way to save for infrastructure maintenance.

Those against say: No one spoke in opposition at the Deliberative Session.

Fiscal Impact: The average Hampton home valued at $329,000 would bear an increased tax cost of $35.48 if this Article passes.