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Planning board’s CIP projects show $10.2M Route 3 estimate and ~¢0.96 tax‑rate impact if all capital requests funded
Summary
The town’s Capital Improvements Program for FY2027–FY2032, adopted by the planning board and presented to the council, shows major capital requests including a ~$10.2 million estimate to update two Route 3 intersections and an estimated tax‑rate impact of about $0.96 per $1,000 if all budget‑year capital items were funded.
The Hooksett Town Council received the town’s Capital Improvements Program (CIP) for fiscal years 2027–2032, a planning document adopted by the planning board that lists capital projects and projected funding sources over six years.
Town staff and planning staff laid out the largest projects identified for the upcoming CIP year and subsequent program years. Key figures presented on the record included: - An updated engineering study for the Route 3A/Main Street and Hackett Hill Road intersections estimated construction at about $10.2 million (discussed separately with DOT). The town’s earlier Exit 10 TIF‑area sewer/force main and river crossing project has an updated estimate of $12.5 million; the town’s share there is projected at 10 percent of construction costs when/if bonded. - The CIP shows a planning‑year tax‑rate impact estimate of about $0.96 per $1,000 of assessed value if all capital items in the budget year were funded. Staff said that total splits to roughly 18¢ attributable to school capital and 78¢ attributable to town capital costs in the budget year.
Staff explained the CIP process: departments submit six‑year capital requests; a multi‑member review committee (finance director, town planner, town administrator, a planning‑board member, a budget‑committee member and a school board member) ranks priorities and proposes funding sources, which can include capital reserves, impact fees, grants and bonds.
Why it matters: The CIP provides a multiyear view that helps level capital expenditures over time, identify bonding needs and flag large projects that will affect the town’s future budgets and tax rate. Councilors and staff noted funding volatility in the state and the impact of cost escalation on projects.
Next steps: The CIP is informational to the council; individual capital purchases, bond votes or reserve funding decisions will be considered during the annual budget process and by the council and budget committee.
Ending: Councilors asked staff to keep the board informed as DOT and federal funding discussions progress for the large projects highlighted in the CIP.
