Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Budget Fy27 topic
No spam. Unsubscribe anytime.
City Manager presents FY27 budget highlights including allowable tax increase of $2.7 million
Summary
City Manager Kirk Beattie presented the FY27 proposed budget noting CPI-U of 2.69%, new construction net value of $82,573,661, and a total proposed tax levy of $66,792,001 (an 8.5% increase), with general fund revenue down 10.4% and increased use of fund balance.
City Manager Kirk Beattie presented the City of Laconia’s FY27 proposed budget to the City Council on April 27. He outlined components including the tax cap, city and local school appropriations, county appropriations, statewide property tax assessment (state education), capital expenditures, and employee compensation and benefits.
Key figures cited by Manager Beattie included a CPI-U for 2025 of 2.69%, new building construction (net value) of $82,573,661, and an allowable tax increase of $2,727,237. Using charter allowable exemptions at 60%, Manager Beattie said the total proposed to be raised by taxes for City, local school, Belknap County and state education (including exemption usage) was $66,792,001, an increase of 8.5%. He reported that overall general fund revenues decreased by 10.4% and that the use of fund balance increased to $985,000 for the year; departments will present detailed budget hearings in upcoming weeks.
Manager Beattie also noted enterprise and special revenue funds (water, sanitary sewer, ambulance/EMS, Motorcycle Week, Pumpkin Fest) and tax increment finance districts (Downtown, Lakeport, The Weirs) that support capital and economic development work. Councilors will review detailed department budgets in subsequent meetings.
