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Author Topic: DN - Town reduces tax rate slightly  (Read 731 times)
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GDouglas
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« on: October 24, 2007, 12:14:05 PM »

from the Derry News     

Town reduces tax rate slightly
Terry Date
Published: October 24, 2007 10:31 am   
www.DerryNews.com

LONDONDERRY | The state has set the town's tax rate for 2007 at $18.22 per $1,000 of property valuation, a decrease of 6 cents from the 2006 rate.

Town Manager Dave Caron attributes the reduction in the town portion of the bill to tight discretionary spending and a slight growth in revenues.

A breakdown of the tax per $1,000 shows the town rate at $4.38 per thousand, a 1.4 percent decrease from the 2006 rate of $4.44.

The local school rate increased 1.1 percent to $10.67 and the state education property tax rate decreased 4.9 percent to $2.31. The combined tax rate to support public schools remained level from 2006 at $12.98.

The Rockingham County tax also remained level from 2006 coming in at 86 cents.

Caron said spending on the town side was pretty much at a default budget level last year.

The increased cost of fuel required the town to bump up that account but the town held the line in other discretionary spending including training costs, office supplies and materials.

Personnel costs account for much of the budget and this spending is tied to contractual agreements.

Revenues grew slightly due to modest increases in the tax base, in investment returns and from motor vehicle registrations, he said.

Budget Committee member Mike Brown had a mixed take on the reduction.

"Any time the town's overall tax rate drops from the previous year it has to be viewed as a good thing," he said. "On the other hand, 6 cents is not going to go a long way on an individual's tax bill."

Tax bills will be mailed out soon, with an expected due date of Dec. 1.
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Glenn Douglas
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