B) School Costs
As noted above, 54.6% of the tax rate is allocated for schools. This high ratio is
typical in most New Hampshire communities and demonstrates that a high
percentage of local taxes go towards supporting the school system. Based on
the subject sites location, students living at the property will attend the
Fairgrounds Elementary School, Fairgrounds Middle School and Nashua High
South.
School Enrollment Trends
Table Eight
Fire Department Costs
Department FY 2021 Budget Calls _Cost/call Est.Calls Annual Cost_
Fire $28,245,594 33,382 $846 3 $2,538
Other Departments
As noted previously, all areas within the development will be private along with
refuse removal and water expenses will be addressed through user fees. Given
the type of development proposed, no other measurable impacts are anticipated
to other City departments. To be conservative, we will account for a
miscellaneous cost® of $2,000.
Table Six
Average Calls: Police-Fire
Avg. Call Per | Projected
Project Town Units Unit Calls
Tara Heights Nashua 564 91 0.161
Project 20 3
Avg. Call Per | Projected
Project Town Units Unit Calls
Tara Heights Nashua 564 40 0.07
Project 20 4
Police Department
B. Municipal Service Costs
B) Miscellaneous Yearly Revenues
Another major revenue source for the community is from motor vehicle
registration fees, which generated in $10,975,000 in FY2021. Table Four
outlines the projected revenue stream for the proposed project.
Table Four
Motor Vehicle Permit Fees
$2942 x 20 vehicles? = $5,880
C) Total Project Revenues
The proposed development is expected to generate $49,920 in new property
taxes and vehicle registration fees as summarized in Table Five.
B. Local Revenues From Development
A) Property Taxes
Local property taxes provide the bulk of municipal revenues for New Hampshire
communities. The 2021 Tax Rate for Nashua is $23.22; Figure Three outlines
the breakdown of the tax rate. For purposes of this Report, a local tax rate of
$22.02 will be used which excludes the County Tax Rate.
Figure Three
Tax Rate
State School,
$2.12
City, $9.32
School,
$10.58
represent ongoing capital projects. The advantage of this approach is its
simplicity of implementation and its wide acceptance by both consultants and
local officials. The downside of this approach is that the methodology calculates
the “average” cost as being the expected cost, which is often not the case and
costs can be understated or exaggerated; significantly in some instances. If one
student is added to a school system, limited cost impacts will occur; however,
based on an “average” cost to educate one student the cost would be noted as
Figure Two
Budget Percentages
General
Government
Other
Public
Safety
Education Tom = Public Works
Public Library
Community
Development
XX _ Debt Service
Contingency
Capital
Improvements Interfund Transfers
A. Fiscal Methodology Approach
Local Trends
Census figures report that from 2000 to 2010 Nashua’s population declined from
86,605 to 86,494, reporting a small decrease in population over the 10 year
period. 2020 Census data reports Nashua’s population to be 91,322, a 5.5%
increase since 2010.
Approximately 45% of Nashua’s housing stock consists of single family homes,
with the most recent Census data reporting 17,608 single family homes out of a
total housing stock of 39,035 units; Figure One.
Figure One
Housing Breakdown
FOUGERE PLANNING & DEVELOPMENT, Inc.
Mark J. Fougere, AICP
253 Jennison Road Milford, New Hampshire 03055
Ph : 603-315-1288 email: Fougereplanning@comcast.net
FISCAL & SCHOOL IMPACT ANALYSIS
75 Lake Street
Nashua, NH
December 17, 2021
Introduction
