Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Candia select board applies $500,000 of fund balance to trim tax rate; new rate reported at $12.97 per $1,000
Summary
After debate over reserving money for a police station, the Candia select board voted to apply $500,000 of the town's unassigned fund balance to reduce this year's property tax rate, with the remainder held for reserves; staff said the resulting tax rate would be $12.97 per $1,000.
The Candia select board voted to apply $500,000 of the town’s unassigned fund balance toward lowering the property tax rate and to place the remaining excess into the town’s reserves/capital account.
Staff presented fiscal figures showing an unassigned fund balance of $2,301,238, or about 15.68% of combined town and school appropriations; the board’s fund‑balance policy calls for 11.5%…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat