Special Meeting: Proposed 2025 Budget

Town of Litchfield Proposed FY2025  Budget

BUDGET UPDATE :   August - September begins the process of setting the tax rate.  September 1st the Town's MS-1 or Summary Inventory of Valuation is due.  This is the Assessment of Property values.  Last week we filed for an extension due to some Utility information being received late.  Our extension was granted by the NH DRA, the MS-1 is now due October 2nd.

Below is our MS-434, which is also filed at this time.  We update the revenues for the current tax year based on what has been received and is expected through the end of 2024.  Adjustments this year included: 10K increase in projected Building permit revenue; 32K increase in projected interest revenue and a reduction of 20K in LUCT - Current use Change tax revenue.  This net increase of 22K in revenue will likely reduce the 2024 tax rate by .01 or .02 from what was estimated this past spring.

TOWN ADMINISTRATOR REPORT

1.  Board of Selectmen Meeting Adjustments - Due to Holidays - October 14th moved to October 21st and November 11th is moved to November 18th

2.  MS4 Report is complete

3.  Selectmen portal for Monday, September 23rd is complete

4. Working on October newsletter - Budget Challenges

SELECTMEN REPORTS

1. Recreation Commission Representative - Steven G. Gannon

2. School Facilities Improvement Committee - Robert F. Leary Sr.

3. Budget Committee Representative - F. Robert Leary Sr. 

4. Planning Board Representative - Kevin Lynch

5. Capital Improvement Committee Representative - Kimberly M. Queenan

6. Conservation Commission Representative - John Brunelle

7. Heritage Commission Representative - G. Steven Gannon

8. Emergency Management Team - John Brunelle

9. Energy Committee - John Brunelle

10. Economic Development Committee - Kimberly M. Queenan

NON-PUBLIC SESSION

        RSA91-A:3II(c) - Matters that, if discussed in public, would likely adversely affect the reputation of any person, other than a member of the body itself,

                                    unless such person requests an open meeting. This exemption shall extend to any application for assistance or tax abatement or

                                    waiver of a fee, fine or other levy, if based on inability to pay or poverty of the applicant.