Meredith Islands Association

[TheRoBoat]

Hi bil

I have a question on some of the numbers I have seen on the forum, and on some town documents. Disclosure - we are island property owners and will be joining the association.

I have seen the number of 1.9M for the contribution of island residents to the budget. What percentage of the Meredith budget does that represent? I think I saw 15.3M for proposed 2018 budget but am not sure that is correct.

Also - what percentage of households do the islands represent in the overall number of households in Meredith?

[bilproject]

Originally Posted by TheRoBoat

Hi bil

I have a question on some of the numbers I have seen on the forum, and on some town documents. Disclosure - we are island property owners and will be joining the association.

I have seen the number of 1.9M for the contribution of island residents to the budget. What percentage of the Meredith budget does that represent? I think I saw 15.3M for proposed 2018 budget but am not sure that is correct.

Also - what percentage of households do the islands represent in the overall number of households in Meredith?

Based on property assessments for 2016 assessments and a tax rate of 15.59/thousand the 29 unbridged islands paid a total of 1,905,220. in taxes that year. Of that 618,434 went directly to the town of Meredith, 826,103 went to the local schools directly and 460,883 went to the state and county (some of the state money comes back to Meredith and the local schools thru state aid and grants). Of the 1.9 million, Bear Island was responsible for 1.2 million of that money. The budget was slightly smaller in 2016 but I believe it was just under 4.8% of the budget. The percentage changes when you look at the budget as a percentage of total taxes. Total of the budget raised from property tax was about 8 million so the island taxes get to almost 8%. There are about 335 properties with an I designation. I have no idea how many total accessed parcels there are in the whole town. The whole budget on the revenue side is confusing. Sewer and water taxes and expenses are included in the budget.

[Descant]

Sewer and water are user fees, not taxes. If you have a well and septic, you don't pay whether on an island or mainland.

[Descant]

The Gilford Island Association has been in existence for many years. In the early years, GIA was responsible for the Gilford fireboat. Ongoing management of the Glendale docks, parking and dumpsters/recycling, working with the Selectmen is a huge benefit. That's why there are docks labeled "Island Residents Only" At one point in time, the board started in a political direction, wanting to lobby for an income tax, raising dues and building a big "legal fund". That turned people off and the number of truly active members has decreased. Nonetheless, having the association in place to immediately inform and activate people when an issue arises is important, and those who are willing to get things started should be applauded.

[TheRoBoat]

Originally Posted by bilproject

Total of the budget raised from property tax was about 8 million so the island taxes get to almost 8%. There are about 335 properties with an I designation. I have no idea how many total accessed parcels there are in the whole town. The whole budget on the revenue side is confusing. Sewer and water taxes and expenses are included in the budget.

If there are $8M from property taxes, wouldn't the 1.9M from the islands represent more than 8%? I may be missing something.

As far as overall numbers - this document list values by location. I do not know if it is all residential, or includes commercial, but it is over 184 pages at 33 lines per page (6074 entries)
http://www.meredithnh.org/sites/mere...y_location.pdf

[Rusty]

Originally Posted by TheRoBoat

If there are $8M from property taxes, wouldn't the 1.9M from the islands represent more than 8%? I may be missing something.

As far as overall numbers - this document list values by location. I do not know if it is all residential, or includes commercial, but it is over 184 pages at 33 lines per page (6074 entries)
http://www.meredithnh.org/sites/mere...y_location.pdf

Of the 1.9 mil only 618,434 went to Meredith for the 8 mil budget.
Therefore 618,434 is .08% of 8 mil

[bilproject]

Originally Posted by Rusty

Of the 1.9 mil only 618,434 went to Meredith for the 8 mil budget.
Therefore 618,434 is .08% of 8 mil

618434/8000000=.077x100=7.7% or rounded to 8%

[Rusty]

Originally Posted by bilproject

618434/8000000=.077x100=7.7% or rounded to 8%

Exactly, I used the decimal. 08 but it's the same.

[TheRoBoat]

Originally Posted by Rusty

Of the 1.9 mil only 618,434 went to Meredith for the 8 mil budget.
Therefore 618,434 is .08% of 8 mil

Got it - thanks