Agenda

Jim Donchess
Mayor e City of Nashua

To: Board of Aldermen
From: Jim Donchess
Date: 12/22/16

Re: Notification of entry into contract for Award of Nashua Licensing and Permitting Project

Pursuant to NRO § 5-74 (B), which states that a contract that extends from the current fiscal year into
succeeding fiscal year(s) in which no funds have been appropriated nor otherwise designated for this
purpose shall be approved by the full Board of Aldermen before the contract shall become binding on the
City.

NH Tax Shift Plan - Income Tax Table

Number of Exemptions

NH Tax Shift Plan - Income Tax Table

Number of Exemptions

NH Tax Shift Plan
Earned Income Tax Credit Payments
(for estimating purposes only)

Number of Children

How Funds from the NH Tax Shift Plan will be used

- Based on 2017 Estimates

General Fund \ rr ($30M)
Retirement Contribution Repeal Interest &

($150M) Dividends Tax $89M)
Earned Income ye
Credit ($47M)

Repeal Statewide
" Property Tax ($363M)

Repeal Business
Enterprise Tax ($268M)

Repeal Utility Property
Tax ($41M)
Lower Business Profits
Tax to 4% ($213M)

Rep. Paul Henle
11-2 Cabernet Drive
Concord, NH 03303

nhrep@paulhenle.com
603 986-9620

NH Tax Shift Plan

(amounts based on 2017 estimates)

who are at or below the poverty level. Even if they owe no income tax, they would receive money
from the state. This again is money that would feed directly into the local economy.

Please look at the enclosed information. There are two documents that give a summary of
the Plan, plus a tax table showing income tax amounts, and a table showing estimates of what the
payments would be for the Earned Income Tax Credit.

Rep. Paul Henle
11-2 Cabernet Drive
Concord, NH 03303

www.nohtaxshift.com
603 986-9620

December 20, 2016

Alderman Brian McCarthy
P.O. Box 2019
Nashua, NH 03061

Dear Alderman McCarthy:

Businesses in our state and in Nashua are struggling. We must do everything we can to make
New Hampshire business friendly again. At the same time, property owners are struggling to pay
their property taxes. We must do everything we can for them.

We fully uncersiand thet your staff spent time reviewing applications, plans and provided
administrative support, not to mention several field inspections. We would ask that you consider the

costs of those services provided and request that you allocate the balance of what we paid in 2007 as

represenied below end apply it toward the cosis of i

ei

ermitting the project.

Bennett — Prescoti, LLC
1479 Arnherst Street
Mashua, NH 03064

December 7, 2016

Mir. William McKinney
Building Oificial/Manager
Department of Building Safety
City of Nashua

Nashua, NH 03061

RE: Prescott Square Buiidings A- B-¢

Dear Mr. McKinney,