Special Board of Aldermen 06-23-2021 Page 2
Alderman Jette
Here.
Alderman Laws
Here.
President Wilshire
| am here.
Susan Lovering, City Clerk
You have 8 physically in attendance.
President Wilshire
Thank you very much. As is customary, also with us this evening is Corporation Counsel Steven Bolton.
As is customary, | will turn the meeting over to the Chair of the Infrastructure Committee, Alderman-at-
Large Mike O’Brien.
Chairman O’Brien
A special meeting of the Board of Aldermen was held Wednesday, June 23, 2021, at 7:05 p.m. in the
aldermanic chamber as well as via Zoom teleconference.
President Wilshire
And | am going to take just a moment to just say to the Aldermen and anyone else in this Chamber that the
people of Nashua expect more from us than what happened last night and | think that they expect more, as
far as decorum, and they deserve more. So | just want to leave that out there. That’s it.
President Lori Wilshire presided; City Clerk Susan Lovering recorded.
Page 3 of 3
3. Accounting for New Bonded Debt in the Enterprise Funds
I pointed out an accounting error in the Enterprise Funds. The principal (face) value of proposed
new bonding is included in the FY2022 annual budget, whereas only the annual debt service cost
(principal plus interest) should be shown (see Account 193 Debt Service). .
Page 2 of 3
aveg. 6 year
i FY21 - FY22
annual increase
21 2 increase
FY16 - FY21 FY FY2
$ % $ %
Pension |$ 1.69 7.9%|$ 25.49|$ 31.48/$ 5.99| 23.5%
FICA/Medicare| $ 0.14 1.8%|$ 865/$ 894/$ 0.29 3.3%
I pointed out the $1Billion in losses incurred through NHRS mismanagement. Couple that
to the insanity of paying for 100% funding of the NHRS fund.
Consider the exorbitant payouts to retirees who learned to “play” the system. | cited the
Fred Teeboom
24 Cheyenne Drive
Nashua, NH 03063
(603) 889-2316
fredtee@comcast.net
June 30, 2021
To: | Mayor Donchess
Board of Alderman
CFO Griffin
From: Fred S. Teeboom
Subject: The FY22 Proposed Annual Budget
Attached are the calculations that support my comments during the Public Hearing on the FY22
proposed annual budget.
1. Spending of taxpayers’ money is increasingly out of control
Font
oo NY Oi BP wWN
NNN NM NM NM NH PP PPP ee PB
SPSS&RNXUSREREERSESGRURREERES
City of Nashua
Analysis of Grants
Special Board of Aldermen 07-01-2021 Page 31
President Wilshire
Any other Committee Announcements? Seeing none, do | have a motion?
ADJOURNMENT
MOTION BY ALDERMAN O’BRIEN THAT THE JULY 1, 2021, SPECIAL MEETING OF THE BOARD OF
ALDERMEN BE ADJOURNED, BY ROLL CALL
A viva voce roll call was taken to adjourn the Board of Aldermen meeting which resulted as follows:
Yea: Alderman O’Brien, Alderman Klee, Alderman Dowd,
Alderman Caron, Alderman Lopez, Alderman Tencza,
Alderman Jette, Alderman Schmidt, Alderman Cleaver,
Special Board of Aldermen 07-01-2021 Page 30
Alderman Harriott-Gathright
Special Board of Aldermen 07-01-2021 Page 29
Special Board of Aldermen 07-01-2021 Page 28
Alderman Klee
