Quote:
The town employee, be a police officer, fire fighter, EMT, road agent, office worker, etc. is not going to want to have the same annual income forever.
At a point, other opportunities pull that labor from the municipality forcing the municipality to either go without, or raise the budget to fill the positions.
Cost of materials rise also.
When the total value of property as a percentage relative to the previous year rises, but slower than that budgetary pressure, the rate rises.
Example: budgets up 5%, total property value up 10%... rate in general drops (other income plays a role).
Budgets up 5%, total property value flat, rate has to rise to offset.
Moultonborough, like Meredith, did not only see rising property valuations in existing buildings; but also lots of new construction that added to that total property valuation increase year over year.
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Are you talking about inflation?
No entity is immune to inflation.
Are you talking about attrition?
The DPW (Publics Works dept.) CBA (collective bargaining agreement ... union contract) and the Police Dept. CBA are two of the larger expenses (not land values) that were on the MoBo warrant.
Mobo DOES SEE, and has seen, and is aware of property value and cost increases. Our select board has done a good job. That's why we have some of the lowest taxes in the state, notwithstanding high property values. It also utilizes the excess general funds to help offset taxation. policy #32
https://www.moultonboroughnh.gov/Doc...nce-PDF?bidId=
Regarding tax rates, property values, assessments etc., I'll refer you back to my previous post.