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Greenland selectmen set 2024 tax rate at $12.99 after fund‑balance debate
Summary
At a special emergency meeting Oct. 16, the Greenland Board of Selectmen voted by voice to set the fiscal‑year 2024 tax rate at $12.99 after reviewing DRA guidance, unreserved fund‑balance scenarios and overlay reserves for potential abatements.
The Greenland Board of Selectmen voted on Oct. 16 to set the town’s fiscal‑year 2024 tax rate at $12.99 after debating how much unreserved fund balance to use for tax relief and how much to hold for contingencies.
Chair Paul Stanley led a review of the process the town follows with the New Hampshire Department of Revenue Administration (DRA), saying the board must file an MS‑434 revenue estimate, an MS‑1 valuation based on the April 1, 2024 revaluation, and an MS‑535 balance sheet form before DRA will accept a selected rate. The board reviewed DRA guidance that ties recommended unreserved fund‑balance percentages to combined town and school operating expenditures.
Stanley presented figures the board used to calculate options: last year’s voter‑approved…
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