Notes from the Board of Selectmen
The much anticipated Town of New Boston’s rate has been set for 2018 and it’s slightly lower than in 2017. Here’s how it looks:
2017 Tax Rate 2018 Tax Rate
Total Tax Rate
Total Tax Rate
The $1,200,423 that was incorrectly held as unreserved funds in the School District was returned to New Boston and used to reduce the school portion of the tax rate. The total tax rate is down 0.48/thousand of assessed value.
As an example: a resident with a $300,000 home would see a tax reduction of $144 in 2018.
We calculate our first bills by taxing ½ of the previous annual tax bill and then the 2nd bill is calculated for the entire year at the new tax rate, minus what you paid back in July. Looking at the same $300,000 home, the first tax bill would have been about $3,650 based on ½ of last years’ taxes. Your 2nd bill coming out by November 1st, will be about $3,510.
Just be aware that this is a one-time reduction based on the money coming back to the school, so you can expect to see an increase next year.
So setting the tax rate this time of year is the end of a process that we’ve already started for 2019. Right now the Department Managers are putting together their individual budgets for the next year. We in New Boston are very fortunate to have a volunteer Finance Committee, who along with our Board of Selectmen work through the fall and into the new year reviewing all the budgets to ensure that the requested amounts are reasonable and can be justified. These meetings are open to the public and residents are encouraged to attend to see the process in action. Check out the Town Meetings Calendar on our website for meeting dates/times.
There is a Public Budget Hearing for the Municipal Budget that will be held on January 15th. It’s called a Public Budget Hearing because we really want the Public to attend! This Public Budget Hearing gives taxpayers a chance to give input into the Town Warrant before we move on to the Deliberate Session. For information about this meeting, please check out the Town Website. The second chance for the public to make their voices heard is at the Deliberative Session. Once the Warrant (which includes the operating budget), gets approved/amended at deliberative session, the Warrant gets printed on ballots that Town residents simply vote up or down.
From the 1st meeting of the Finance Committee on November 1st, to the Town Vote in March, the Warrant is scrutinized and often changed many times before it is put to paper for a final vote. But more importantly, taxpayers have an opportunity to provide input and participate in the process, at both the Public Budget Hearing and the Deliberative Session. The Town Report with the full Warrant Article and detailed financial reports is available (as required by State law), at least 6 days before the Town Vote, so taxpayers have time to review in detail what they will be voting on.