SAU 90 Article 2 – Operating Budget $20,184,320

Shall the School District 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, or as amended by vote of the first session, for the purposes set forth therein, totaling $20,184,320? Should this article be defeated, the default budget shall be $20,256,680, which is the same as last year, with certain adjustments required by previous action of the District 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.)

Note: Warrant Article #2 (operating budget) does not include appropriations in any other warrant articles.

What it means: The proposed Operating Budget for Hampton School District is $72,360 less than the Default Budget. The Default Budget is defined as the prior year’s budget increased by contractual obligations, debt service and any Warrant Articles passed by the voters.  Approval of the Article will result in the lower budget.

Those in favor say: The Operating Budget is less than the Default Budget, so it makes sense to vote for that.

Those against say: No one spoke against this Article at public hearings.

Fiscal Impact: The average Hampton home valued at $329,000 would bear a decreased tax cost of $8.79 if this Article passes.