GOFFSTOWN, N.H – Goffstown residents will likely see little to no change on their tax bill next year thanks to a resolution on the recent state budget impasse and some accounting.
Town Administrator Derek Horne told the Select Board on Monday night that the FY ’20-’21 includes $20 million of unrestricted municipal aid, although it is still uncertain how it will be distributed to cities and towns across the state.
In 2018, the rate for municipal property taxes in Goffstown was $8.14 per thousand dollars of property value. Prior to the unrestricted aid, that rate was set to jump to an expected $8.27.
With the aid, that figure could potentially stay at $8.14, with Select Board Chairman Peter Georgantas confirming from Horne that unreserved fund balance account expected to be placed into revolving funds could be used toward lowering the tax rate if the state aid does not become available in a timely manner, with the state aid being available to replenish those revolving funds at a later date.
Without the aid, Horne said that it would take approximately $210,000 of budget cuts to stay at $8.14.