'21 Moultonborough Tax Rate Delay

[longislander]

I suppose, however, that I'd need to know how much that would affect the tax rate. If we're talking cents, I'd say keep it and work it out through the upcoming years' needs. Whole dollars might be a different question, though.

According to the town administrator at the meeting, the board reviewed numerous unassigned fund balance amounts to determine the rate, from $400,000 which would keep the rate at 7.13, to $1,000,000 which would lower to 6.98.

I think one of the board members used a hypothetical $300,000
(or something) assessment on a house for an idea of effect of the rates.

Not good at math, $300,000 at 7.13/1000 is $300,000 x .00713 = $2139 tax
.................................................. ..........$300,000 x .00698 = $2094 tax
Difference is $45 for the year.

................................................,. .......$1,000,000 x .00713 = $7,130 tax
.................................................. .......$1,000,000 x .00698 = $6,980 tax
Difference is $150 for the year.

Town policy #32 tries to keep Unassigned Fund balance at 12.5% (in fact, it is higher).
See item 5 (b) in town policy #32:

https://www.moultonboroughnh.gov/sit...alance2015.pdf


Maybe there should be more discussion on the use of unassigned funds on town meeting warrants ... or truly "unexpected" expense... with repeat performances!

Smoothing or keeping fairly linear, tax rates, is a good thing. However, a warrant "appropriation" should not be an anticipated, "unexpected," expense" .

Also, how much revenue interest is the fund earning?