Pelham’s property taxes could go up 3-4% unless savings are found
Published January 13, 2022 at 4:19 pm
The Pelham final 2022 Capital Operating Budget document is 127 pages long.
With a plethora of charts, graphs, photos and countless capital budget projects being considered taking up the overwhelming majority of the report, the bottom line to the taxpayer doesn’t come until you hit page 125 – a potential three to four per cent tax hike.
“In order to complete the capital projects in the capital forecast within the specified years and meet the internal debt limit, the Town would need to increase tax levy supported transfers from 2022 to 2026,” the document says. “This would result in an overall increase in tax levy supported capital costs of $489,000 to $626,000 per year, which is a 3-4% tax levy increase each year for capital (before growth and other budget changes).”
However, as it isn’t going to Pelham Council for a couple of weeks yet when presented at the January 24 Council meeting, Pelham staffers are going to try and lower that.
“The Town is actively pursuing grant funding and seeking cost-saving measures to minimize the impact on the tax levy,” it says.
Expenditures jumped from $3,712,950 in 2021 to $4,118,000 in 2022.
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Taking up more than half that total was road-work, considered necessary infrastructure improvement, with a price tag of $2,477,000 in 2022. The town’s fleet – all their vehicles – are expected to take up $469,000 in maintenance and costs this year.
Maintaining the town’ facilities are targetted for $425,000 while maintaining fire services will cost $423,000.
The town’s fleet represented the highest jump at 16.4 per cent.
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