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Author Topic: DN - Londonderry budget plan calls for 9.5 percent increase  (Read 868 times)
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« on: October 24, 2007, 12:15:28 PM »

from the Derry News

Londonderry budget plan calls for 9.5 percent increase
Terry Date
Published: October 24, 2007 10:14 am

LONDONDERRY | Proposed spending for fiscal 2009 comes to $35.7 million, or about a 9.5 percent increase over spending in the current budget.

The increase is largely due to the projected costs of two projects, $2 million for a new north fire station and $1.5 million for road improvements. These were recommended by the Capital Improvements Plan Committee and, if advanced by the Town Council, will be decided by voters in March.

Meanwhile, the proposed operating budget, $25,265,724 for fiscal 2009, would be on par with the current year's spending plan, $25,090,361. The difference between the two is largely due to increased obligations for employee contracts.

Town Manager Dave Caron anticipates a town tax rate of $4.46 per $1,000 of property valuation, based on the $35,714,273 in spending for fiscal 2009. The rate would be 1.9 percent greater than the current tax rate of $4.38. The current budget is $32,602,532.

The fiscal 2009 operating budget would account for $4.15 of the $4.46.

Town Council Chairman Joe Paradis said he saw no surprises in the town manager's numbers presented to councilors Monday night. He and others on the council look forward to seeing what reductions Caron proposes in an operating budget that is 1 percent below the level presented Monday.

That presentation is expected tommorow.

In August, councilors asked the town manager to present them with three operating budget proposals. One at the current year's spending level, another at 1 percent below that, and a third proposal that is 0.5 percent higher than current spending.

Paradis said he is curious to see where the reductions in the 1 percent decrease would come from and to what extent they will influence personnel and nonessential spending.

Key dates in the budget cycle include council workshops Thursday, Nov. 3 and Nov. 15. Budget talks and recommendations will take place Nov. 19, Dec. 3 and Dec. 17.

The first public budget hearing is scheduled for Jan. 7, the second for Feb. 7

Glenn Douglas
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