action:article | category:NEWS06 | adString:NEWS06 | zoneID:52

Home » News » Politics

May 13. 2012 11:01PM

Derry council to vote on budget

DERRY — The Town Council will be taking a final vote on the proposed fiscal year 2013 budget of just over $40 million during its meeting at the Derry Municipal Center tonight at 7:30 p.m.

There has been little tension or disagreement during the month-long series of presentations and hearings on the budget.

The budget is 3 percent over the current year's budget and includes $6.24 million in proposed capital projects, including the construction of a new $3 million transfer station. The plan is to go out to bond for the new facility, with increased recycling revenues covering the annual cost of the bond.

Other capital items included in the proposed budget include the reconstruction of Rockingham Road for $1 million, replacing two five-ton highway trucks, 80 percent of which is grant funded, an updated water system for the Woodlands water system booster station for $250,000, ongoing water upgrades and replacements for $220,000, sidewalk construction on Tsienneto Road for $135,000, and replacing a sidewalk snow removal machine for $130,000, according to Town Administrator John Anderson. Only a handful of people spoke before the Town Council at the May 1 public hearing on the budget.

Former Town Councilor Kevin Coyle questioned the need for a $125,000 paving project for the police department, and several people spoke out in favor of increasing the local cable television budget to allow for an additional full-time employee.

Projected revenues for town services are $16,755,477, an increase of $3,695,367 over the current year.

“This results in an increase to the tax rate of $977,363, a net appropriation that results in a projected 2012 tax rate of $9.82,” Anderson said. This is an increase of 30 cents over the current tax rate, or $75 on the average tax bill for a home valued at $250,000.

Anderson said the budget reflects a delicate balance of continuing to deliver expected services while maintaining capital project investments necessary for the future health of the community.

In March, voters approved a $79,062,937.13 school budget for the coming year.


Sorry, no question available

 New Hampshire Events Calendar
    

    SHARE EVENTS FOR PUBLICATION, IT'S FREE!

Upcoming Events

 New Hampshire Business Directory

  

    ADD YOUR BUSINESS TODAY!