The $1.8 million returned to the taxpayers was what brought the rate down to $4.78/$1000. That was part of the unassigned funds and the select board still had enough money for the 12.5% that is supposed to be kept for unexpected expense, according to town policy #32. I was part of that debate at the select board meeting, arguing for returning the $1.8 mllion to the taxpayers. Some of the 5 select board members wanted to put into capital reserves. One of the capital reserve funds is CR148. It happens to be the capital reserve fund for a Community/recreation center! The board vote was 3-2 to give back the $1.8 miillion to the taxpayers. Yes there are strong Hub supporters on the select board.
https://www.moultonboroughnh.gov/sit...alance2015.pdf