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You are here: Home / 2016 Archive / Article 32: Transfer Heritage Funds to the General Fund

Article 32: Transfer Heritage Funds to the General Fund

Shall the Town of Hampton vote to distribute to the general fund all funds that were left in the Heritage Fund, currently amounting to approximately $5,329.58 plus any additional interest earned thereon, from past monies appropriated and gifts of money, which are no longer needed due to the abolition of the Heritage Commission as a result of the passage of Article 35 at the 2015 Annual Town Meeting? (Majority vote required)

What it means: Last year, voters approved the dissolution of the Heritage Committee. That group had a fund with a balance of $5329.58. This Article seeks to close that account, and transfer the balance into the general fund, thus reducing the amount needed to be raised by taxes for all other purposes approved via this Warrant.

Those in favor say: This is a common sense thing to do since the committee no longer exists. Where needed, DPW can continue to maintain the historical buildings.

Those against say: No one spoke against this Article at Deliberative Session.

Fiscal Impact: No tax impact.

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