Moultonborough Taxes

John Mercier · 11-21-2023, 07:50 PM

There have not been donor towns since 2011.
I already told you that.

On November 20th, Judge David W. Ruoff in Steven Rand et al vs State of NH ruled the system that allowed State Ed taxes to be kept by the town.
It will now go to the NHSC and if upheld, donor towns will return to the mix.
The excess money collected will be sent to the State for redistribution.

He also has a ruling that the current State Ed Adequacy Grant is only about half of what it should be.
Because we are working to lower business taxes in the State to stay competitive with New York (Northeast Quad), and are dissolving the D&I, the most likely out come of the new funding requirement, should it hold up in the NHSC, is a instead of raising half of the money from SWEPT is to raise three quarters or more from SWEPT... thus increasing the State Ed rate by about three or four times.

I have been pointing this out for months.

NH is generally a conservative State - Yankee Frugal - it taxes consumption/recreation, but not production/savings.

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11-21-2023, 07:50 PM	#11
John Mercier Senior Member Join Date: Jun 2021 Posts: 3,526 Thanks: 3 Thanked 627 Times in 516 Posts	There have not been donor towns since 2011. I already told you that. On November 20th, Judge David W. Ruoff in Steven Rand et al vs State of NH ruled the system that allowed State Ed taxes to be kept by the town. It will now go to the NHSC and if upheld, donor towns will return to the mix. The excess money collected will be sent to the State for redistribution. He also has a ruling that the current State Ed Adequacy Grant is only about half of what it should be. Because we are working to lower business taxes in the State to stay competitive with New York (Northeast Quad), and are dissolving the D&I, the most likely out come of the new funding requirement, should it hold up in the NHSC, is a instead of raising half of the money from SWEPT is to raise three quarters or more from SWEPT... thus increasing the State Ed rate by about three or four times. I have been pointing this out for months. NH is generally a conservative State - Yankee Frugal - it taxes consumption/recreation, but not production/savings.