9% increase expected in Hampstead budget NORTH -- Manchester * Hampstead * Lineboro

March 19, 1993|By Katherine Richards | Katherine Richards,Staff Writer

The town of Hampstead anticipates revenues and expenditures of $735,706 for the 1993-1994 fiscal year, according to draft figures released yesterday by Town Manager John A. Riley.

The draft budget estimate shows an increase of almost 9 percent over last year's budget of $675,110.

Estimates of town property tax revenues are based on the constant-yield tax rate of 50 cents per $100 of assessed valuation. That is 3 cents lower than the 1992-1993 tax rate of 53 cents per $100 of assessed valuation.

The constant-yield rate is the amount of property tax the town would have to collect to get as much revenue as it did last year.

The town would be able to collect the same amount of money with a lower tax rate because its real estate tax base has grown.

Hampstead Mayor Clint Becker said yesterday this was not a final proposal, and the town's 1993-1994 budget was "still very fluid at this point."

He said town officials would accept spending requests for the 1993-1994 budget until April 12.

Mayor Becker also said Hampstead was budgeting for an additional police officer, but there was no plan to buy another police car.

He said Hampstead would have to budget for some capital expenses, such as road repaving and repairs of some storm drains.

The council will hold a work session on the budget April 12. That meeting will be open to the public.

Mr. Becker said, however, "We will not be entertaining public comments at that meeting."

He said the public may comment on the budget at the April 19 Town Council meeting.

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