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Londonderry study warns tax‑levy cap formula could force program and staff cuts, district says
Summary
A district study of a citizen's petition tax‑levy cap found the formula (using last year’s levy, CPI and an enrollment multiplier) could have constrained Londonderry by roughly $426,000 in the recent year and potentially force cuts to staff and programs to meet contractual obligations, presenters told the board.
District staff presented results of a voter‑approved study of a citizen's‑petition tax‑levy cap, explaining the formula and walking the board through modeled impacts.
Presenters said the cap formula uses last year’s tax levy, an October CPI adjustment and an enrollment multiplier; they emphasized the formula constrains the tax levy (the town’s local tax collection), not the full budget totals.…
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