Shall the Town of Hampton vote to raise and appropriate the sum of $300,000 to be added to the Road Improvement Capital Reserve Fund created under Article 16 of the 1998 Annual Town Meeting in accordance with the provisions of RSA 35 for the purpose of maintenance and/or reconstruction of streets? (Majority vote required)
What it means: The stated amount of money would be added to the Road Improvement Capital Reserve Fund, which was initiated in 1998. This is the fund that will be used for repair of roads in the future.
Those in favor say: This fund is intended for large projects and significant issues, such as the re-building of Lafayette road. There is a 5-member team who controls this line item. They accept recommendations from the Department of Public Works, but the decisions are made by an outside committee.
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 $35.53 if this Article passes. This approval affects 2016 only.