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Council hears quarterly financial update showing highway overtime overrun after storms
Summary
Finance staff told the council that while health-insurance costs are down and building-permit revenue is up, highway overtime is over budget by about $15,000 after two major snow events; pooled cash and interest receipts are lower and solid-waste tipping fees are rising.
Finance staff presented the key financial information for the quarter ending Dec. 31, 2025, and updated councilors on recent developments through Feb. 28.
The presenter said health insurance expenditures are down compared with last year, while contributions to the New Hampshire Retirement System (NHRS) remain driven higher by police and fire salaries. The presenter noted that although some departments show year-to-date budgets that are over target, staffing shortfalls have produced salary savings that will help offset overtime overruns.
The presenter reported that when January and February snow events are included, highway overtime is approximately $15,000 over budget through Feb. 28. Building-permit revenues and permit-fee adjustments are producing increased revenue; pooled cash and interest income are lower than in prior years. Councilors requested having these financial materials in advance to allow more time to review.
No formal council action was taken; the presentation provided councilors updated fiscal context ahead of deliberative-session budgeting and warrant discussions.
