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Salary Increase

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Saturday, February 18, 2017

Warrant Articles to be Vehemently Opposed
By Norm Silberdick @ 11:10 AM :: 5941 Views :: 1 Comments :: SAU 21, MoneyFlow, Salary Increase, Letters to the Editor

Hampton’s long term debt will more than double

As we get closer to the March election there are several warrant articles that Rational Taxpayers of Hampton are vehemently opposed to. After factoring in the interest expense associated with proposed bonds, the overall request is to authorize $50 million of additional spending for 2017. This amount of new spending is incomprehensible to us given that this is essentially equal to Hampton’s total property taxes collected last year. To be clear, property taxes will not double in 2017, but Hampton’s long term debt will more than double.

Sunday, November 20, 2016

Selectmen increase Budget to include $700,00 in wage increases
By Norm Silberdick @ 9:43 AM :: 2704 Views :: 1 Comments :: MoneyFlow, Salary Increase, Letters to the Editor

The majority of the Operating budget increase is payroll related, in many cases driven by unnecessarily generous wage increases, including several salary increases which were in the 5% to 10% range. It can be characterized as “Death by 1000 cuts” as approximately $700,000 in increases is spread across 75 wage and benefit line items with a median line item increase of 4.3%. Six overtime lines across several departments increased collectively by $110,000. This is particularly disturbing given that actual spending on overtime had already increased from $1.2 million in 2013 to $1.5 million in 2015. Overtime is a significant factor driving up pension benefits. Is it really necessary to increase overtime by 35% or 40% over a 4-year period?