Nashua aldermen postpone budget voteBy KIMBERLY HOUGHTON
Union Leader Correspondent
June 12. 2018 10:26PM
NASHUA — Aldermen on Tuesday voted to delay the adoption of the mayor’s proposed $307 million budget until they can gather more input from the firm conducting Nashua’s citywide property revaluation.
Mayor Jim Donchess said he had no problem with the delay but he did urge the board to approve the fiscal year 2019 budget by the end of June; it is now expected to be voted on at the June 26 meeting.
Still, Donchess said he does not expect much more information to be available on the newly estimated real estate tax base by the end of the month.
He anticipates that residential property values will see an average increase of about 25 percent, with commercial property values experiencing less than a 25 percent rise.
“We are trying to maximize the amount of commercial values to extend the tax based,” Donchess added.
The mayor’s proposed operating budget is $262.7 million. The total appropriations budget, which includes various grants and other funds that do not need to be raised by taxes, is now proposed at $306,892,669.
His recommended spending plan is a 1.6 percent increase over the existing city budget of nearly $302.3 million.
“You have made some changes, which I think are all good ideas,” he told aldermen, thanking the budget review committee for its thorough review of the proposed spending plan.
Although a judge recently ruled that the city’s spending cap is not enforceable, Donchess said his proposed budget is still under the cap by about $900,000. School officials requested a $110.3 million budget — the same budget proposed by the superintendent, which represents a 3.41 percent increase over the existing spending plan. However, the mayor’s approved budget includes a 2.5 percent increase for the school department, meaning school officials will have to find a way to reduce its recommended spending plan if his proposal is adopted later this month.