Shall the Town of Hampton vote to raise and appropriate as an operating budget, not including appropriations by special warrant articles and other appropriations voted separately, the amounts set forth on the budget posted with the warrant as amended by vote of the first session, for the purposes set forth therein, totaling $27,225,312. Should this article be defeated, the default budget shall be $26,842,312, which is the same as last year, with certain adjustments required by previous action of the Town of Hampton or by law; or the governing body may hold one special meeting, in accordance with RSA 40:13, X and XVI, to take up the issue of a revised operating budget only. (Majority vote required)
Recommended by the Board of Selectmen 5-0-0
Recommended by the Municipal Budget Committee 6-4-0
Fiscal Impact Note (Finance Dept.) The proposed operating budget figure of $27,225,312 is an increase of $388,335 more than the budget amount adopted in 2017 of $26,836,977. The net estimated 2018 tax impact of the proposed operating budget is $0.117 per $1,000 valuation (eleven point seven cents per thousand dollars of valuation). The default budget figure of $26,842,312 is an increase of $5,335 more than the budget amount adopted in 2017. The net estimated tax impact for the default budget is $0.002 per $1,000 valuation (two tenths of one cent per thousand dollars of valuation).