Proposed Derry budget would mean no tax rate increase
The councilors were given a brief preview of the proposed 2015 fiscal year budget by acting Town Administrator Larry Budreau at their regular council meeting Tuesday night.
Under the proposed spending plan, the tax rate would increase by 2 cents from $10.39 to $10.41, Budreau said in the presentation.
Budreau also said Northern New England Benefits Trust, which provides health insurance to the Teamsters and Public Works employees, has just agreed to lock in a premium for the town. The new figure comes in less than what Derry had budgeted, resulting in approximately $21,000 less in expenditures, Budreau said.
"I would like to see the councilors accept the proposed budget," Budreau said Wednesday.
As for total assessed evaluation, Budreau pointed to figures that show Derry comes in next to last when compared to the other communities.
"What this means is that residential property owners in the town of Derry, N.H., have to belly up to the bar and pay more of the property taxes raised than any of these other communities," Budreau said.
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