Board Of Aldermen - Agenda - 9/9/2020 - P84

R-20-067

RESOLUTION

ESTABLISHING THE USE OF FUND BALANCE FOR TAX RATE

CITY OF NASHUA

In the Year Two Thousand and Twenty

RESOLVED by the Board of Aldermen of the City of Nashua that pursuant to NRO §5-
135, B, $4,500,000 of the unassigned general fund balance shall be applied to the Calendar Year

2020 (Fiscal Year 2021) Tax Rate. With approval of this action, unassigned fund balance
remains at or above the five (5) percent minimum as recommended by Department of Revenue

Administration and the ten (10) percent minimum as established by NRO §5-136, A.