Quote:
Originally Posted by LIforrelaxin
So I just found some interesting reading , regarding the town of Moultonborough, expenditures and overall budget...
https://www.moultonboroughnh.gov/Doc...ant--Budgetpdf
https://www.moultonboroughnh.gov/Doc...Town-Budgetpdf
What did this help me understand?
- The School Budget is not accounted for as part of the Town Budget...
- A clear run done of all the proposals from last year... Not sure what was voted down, beyond the HUB... but I am sure I can find those results somewhere... all the the rest of it seemed reasonable....
- The town and school budgets combined come out to around $27M
- Already Known, amount of taxes to the County ~$5M
- Already known, amount of Tax Revenue from Property Tax is ~$34M
So at this point there is somewhere in the neighborhood of 1-2 Million dollars unaccounted for.... This is closer to what John M. has been trying to preach then I thought... But tells me our property Tax money isn't all accounted for at the local level...
Do I feel any better about the current situation, no absolutely not... I feel like there where parallel efforts going on, and the impact of both resulted in this issue. The effects of the Increase in valuations, was not fully understood before setting the Tax Rate.... It will be interesting to see what happens next year... |
The town reports give an accounting of what was actually spent. It should follow pretty closely to what was voted on the year before. A nice summary from year to year would be very helpful, but it generally takes cajoling from the public to make that happen. Everything spent is voted on at town meeting for the town expenses. There are no surprises, no bonus money brought forth by rising values. Rising property values do not increase the amount collected. What does come in extra is new properties added to the tax rolls in a given year. But technically that should not be spent unless it is voted on.
I hate to keep beating this horse, but it is very important for taxpayers to understand, not a penny is spent with out a vote from town meeting. The only exception to that would be some immediate emergency that does not allow enough time to put into a budget and voted. Those should be few and far between.
Once again, there are politicians that like it when they aren't held accountable for rising taxes because the public thinks assessments cause the increases. Then there are politicians who don't understand either.
https://www.moultonboroughnh.gov/252...l-Town-Reports