Fred S. Teeboom
24 Cheyenne Drive
Nashua, NH 03063
(603) 889-2316
fredtee@comcast.net
August 23, 2021
Nashua Budget Review Committee
Copy: Mayor Donchess
Nashua Board of Aldermen
CFO John Griffin
Accounts Manager Rosemary Evans
City Attorney Steve Bolton
Subject: The Cap is Back—Financial Compliance
All:
Effective 20 August, with the adoption of SB52, the Nashua Spending Cap (Nashua Charter 56-c)
is fully operative. This means all Nashua city charter and ordinance provisions consistent with the
New Hampshire tax/spending cap laws are again in effect.
In particular, Nashua NRO Article XXVIII Municipal Budget Control par. 5-145, E states,
“Resolutions to adopt the annual budget, and resolutions to supplement the budget, shall
state the accumulated sum of all appropriations of the combined annual municipal budget
and also state the dollar amount under or above the limit established by City Charter Section
6-c. If the dollar amount is above the allowed limit, requiring an exemption under City
Charter Section 56-d, the maximum dollar amount eligible for exemption under City Charter
Section 56-d shall also be stated.”
Several resolutions to amend the adopted FY22 city budget have been referred to the Budget
Review Committee: ~
¢ R-21-159 is a transfer of $77.4 million from the FY22 appropriated General Fund to a
newly established non-lapsing fund, and reduces the General Fund by an equal amount.
e R-21-158 is a supplemental appropriation of $750,000 into a newly established non-
lapsing Trust Fund.
¢ R-21-160 is a supplemental appropriation of $250,000 into a newly established non-
lapsing Trust Fund.
These resolutions need to comply with NRO 5-145, E for purpose of keeping track of the dollar
amounts that are appropriated above or below the spending cap of Nashua Charter 56-c,
I expect the Budget Review Committee will instruct the city’s financial department to provide the
requisite? oe so these resolutions can be amended in compliance with NRO 5-145, E.
eh
eeboom
Fred
