A Special Meeting of the Board of Aldermen was held Monday, June 13, 2022, at 7:00 p.m. in the Aldermanic
Chamber and via Zoom teleconference which meeting link can be found on the agenda and on the City’s website
calendar.
President Lori Wilshire presided; Interim Deputy City Clerk Tara King recorded.
Prayer was offered by Interim Deputy City Clerk Tara King; Alderman-at-Large Michael B. O’Brien, Sr., led in the
Pledge to the Flag.
Let’s start the meeting by taking a roll call attendance. If you are participating via Zoom, please state your presence,
reason for not attending the meeting in person, and whether there is anyone in the room with you during this meeting,
which is required under the Right-To-Know Law.
The roll call was taken with 10 members of the Board of Aldermen present: Alderman O’Brien, Alderman Sullivan,
Alderman Klee, Alderman Lopez, Alderman Jette, Alderman Clemons, Alderwoman Kelly, Alderman Dowd, Alderman
Cathey, and Alderman Wilshire.
Alderman Moran, Alderman Comeau, Alderman Gouveia, Alderman Thibeault, and Alderwoman Timmons were recorded
absent.
Also in attendance: Mayor Donchess, Steve Bolton, Corporation Counsel
NEW BUSINESS — RESOLUTIONS - None
R-22-039
Endorser: Alderman Patricia Klee
Alderman Thomas Lopez
Alderman-at-Large Michael B. O’Brien, Sr.
Alderman-at-Large Lori Wilshire
AUTHORIZING PENNICHUCK CORPORATION AND PENNICHUCK WATER WORKS, INC. TO BORROW
FUNDS FROM THE STATE OF NEW HAMPSHIRE REVOLVING LOAN FUND
Given its first reading; Assigned to the PENNICHUCK WATER SPECIAL COMMITTEE by President Wilshire
DISCUSSION
e Spending Cap
Chairwoman Wilshire
Tonight we’re having a discussion on the spending cap. CFO Griffin if you’d like to join us. Also joining us this
evening are Attorney Bolton, Mayor Donchess and Director Cummings. Who wants to start? Mr. Griffin?
John Griffin, CFO/Treasurer/Tax Collector
Thank you Madam President and members of the Board Aldermen. Tonight we are here to have a discussion on the
spending cap. I’ve spoken a little bit about some of the ingredients of the spending cap but working with Miss Graham
today | thought it very proper to provide you with a copy of the resolution that includes a page of the Charter which we
follow as well as the detailed calculation in the spending cap. So | can go over the mechanics if you like, explain
what’s included, and then we can have a discussion of why we’re here. Thank you.
So if we look on page 4, this is actually the presentation and model that | used from 2010 when | arrived to - when the
spending cap was deemed unenforceable by the different Courts in the State of NH. Essentially what we’re trying to
do is pick a base year. So as you recall when the spending cap was, or the tax cap, or whatever it was called was
reinstated, we needed a base year. The base year we chose was Fiscal ’22. Several of you remember that base
year. We took the general fund appropriations, the enterprise funds, the special revenue funds including grant funds.
Grant funds act a little bit different than special revenue funds but they are for a specific purpose, for specific funding,
and they don’t lapse at the end of a given fiscal year. They do not lapse to surplus.
Now in addition to Fiscal '22, you also want to consider things that happened during Fiscal ’22, which are called
“supplemental appropriations”. Supplemental appropriations can supplement the general fund, which we had a few
