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Grantham selectmen vote to use $600,000 from reserves to lower tax rate to $19.90
Summary
At a Oct. 24 work session the Grantham Board of Selectmen unanimously approved allocating $600,000 from the unassigned fund balance to reduce the preliminary tax rate from $20.68 to $19.90 and set the rate for review by DRA.
The Grantham Board of Selectmen voted unanimously Oct. 24 to allocate $600,000 from the town's unassigned fund balance to lower the preliminary tax rate to $19.90. The work session, called to order at 9:47 a.m. in the Jerry Whitney Conference Room, addressed the town's tax-rate calculation and fund balance usage.
Selectman Jeremy Walla moved to allocate $600,000 from the unassigned fund balance in order to reduce the tax rate from $20.68 to $19.90; Selectman Peter Garland seconded the motion. By unanimous vote the Board set the tax rate at $19.90 for review by DRA.
The minutes record Chair Warren Kimball, Selectman Jeremy Walla (attending remotely) and Selectman Peter Garland as present, with Town Administrator Emily Owens listed in attendance. The Board took the funding decision during a short work-session meeting; the minutes show no separate public-comment period or additional amendments to the motion.
According to the minutes, the figure of $20.68 represents the tax rate that would apply without drawing on the unassigned fund balance. The Board's allocation of $600,000 reduces that preliminary rate to $19.90; the rate was submitted for review by DRA as required by state procedures for municipal tax-rate certification.
There were no additional formal actions recorded on the topic. With no further business the Board adjourned at 10:45 a.m.; the minutes were signed and filed by Town Administrator Emily Owens.
Votes at a glance: The Board approved the allocation of $600,000 to lower the tax rate (motion by Selectman Jeremy Walla; seconded by Selectman Peter Garland) by a unanimous vote of the three voting members present. The Board also approved a motion to adjourn (motion by Selectman Peter Garland; seconded by Chair Warren Kimball), also unanimous.
