Nashua approves $262M budget
Board of Aldermen unanimously approves spending plan for FY2019
NASHUA – After postponing a final vote on the city’s $262 million budget for fiscal year 2019 for the last month, Board of Aldermen members on Tuesday unanimously approved the budget for the city of Nashua general, enterprise and special revenue funds.
City officials hired the firm KRT Appraisal to conduct a city-wide property revaluation, as is required by the state every five years, but Mayor Jim Donchess said KRT cannot provide more specific information from what they already have until late July or early August. As a result, he asked that aldermen pass the budget Tuesday before the end of the fiscal year. After a few minor adjustments by the Budget Committee, they did.
“The budget, as you know, is a very tight budget of 1.6 percent, which we’re trying to be as careful as possible in view of the effect which we are concerned that the state-ordered revaluation may have,” Donchess said. “Therefore, by passing this budget, I think we help mitigate or lessen the impact of the revaluation on residential property tax payers as much as we possibly can.”
Prior to the budget approval, some concerns were raised regarding students who are at a disadvantage and addressing needs within the school district. Officials want to determine and what effect the reevaluation will have on taxpayers.
Alderwoman Linda Harriott-Gathright said she hopes that once everything settles down, that they can look at other priorities.
Adam Urquhart can be reached at 594-1206 or email@example.com.