Center Harbor Assessments

John Mercier · 10-25-2022, 01:16 PM

Legally, it would not be returned... as the Town Budget would not end in December.

Excess is most often rolled over into the requests for the next cycle. Sometimes it is shuffled into one of the many capital improvement funds. But I am pretty sure that it cannot be returned (checks cut) without DRA approval.

tummyman · 10-25-2022, 02:34 PM

Quote:

Originally Posted by John Mercier

Legally, it would not be returned... as the Town Budget would not end in December.

Excess is most often rolled over into the requests for the next cycle. Sometimes it is shuffled into one of the many capital improvement funds. But I am pretty sure that it cannot be returned (checks cut) without DRA approval.

Wrong...Moultonborough's fiscal year ends now on June 30.

John Mercier · 10-25-2022, 02:38 PM

Correct.
It does not end in December...
The next time that you would pay taxes.

It would end in June. And the new budget would be in effect, with the option of using the excess toward the new budget rather than raising it from property taxes... or shuffling it to a capital improvement account.

Your June payment would be an estimate, base on the past, and your December payment would be the difference base on the budget that began in July.

10-25-2022, 01:16 PM	#1
John Mercier Senior Member Join Date: Jun 2021 Posts: 3,530 Thanks: 3 Thanked 628 Times in 517 Posts	Legally, it would not be returned... as the Town Budget would not end in December. Excess is most often rolled over into the requests for the next cycle. Sometimes it is shuffled into one of the many capital improvement funds. But I am pretty sure that it cannot be returned (checks cut) without DRA approval.

10-25-2022, 02:38 PM	#3
John Mercier Senior Member Join Date: Jun 2021 Posts: 3,530 Thanks: 3 Thanked 628 Times in 517 Posts	Correct. It does not end in December... The next time that you would pay taxes. It would end in June. And the new budget would be in effect, with the option of using the excess toward the new budget rather than raising it from property taxes... or shuffling it to a capital improvement account. Your June payment would be an estimate, base on the past, and your December payment would be the difference base on the budget that began in July.