Board Of Aldermen

attending a Nashua charter school. Right now we have about 7-8 bus runs that we run morning and afternoon for
children for both ASD and the new Micro Society Charter School. When ASD came about, we added two buses into
our budget. It costs about $90,000. Since then we have added additional routes from within existing buses. A
second area of responsibility is to provide special education services to any Nashua student attending a charter
school wherever that charter school may be. Primarily we’re providing services at this point to the Gate City Schools

Mr. Teeboom

I’m not saying anybody is misappropriating the money. I’m saying there’s ways to handle it. There’s clever ways to
handle it; there’s good ways to handle it; and, accounting sound ways to handle it. | suggest you handle it in a
sound manner and not with a Spending Cap override legislation.

Department 191, School Department
Mr. Teeboom

So it’s talking here about $3.73 million. Where did that money go?
Mr. Griffin

In some years we escrowed the money forward to future periods and in some years we lapsed it to fund balance
and then used a certain amount of that fund balance to buy down the tax rate.

Mr. Teeboom

spend it on spending and put half of it into the school capital reserve fund. The school kept the reserve fund built up
to $20 million. Then what happened? Then we started spending. The first time it was an insurance shortfall,
instead of making up a priority someplace else they took the money out of the capital reserve fund; they collapsed
the fund and took the $6 million out of it and re-established the fund. Then when the school has a shortfall it was

increased above last year is $3.1 million, which is still under the spending cap by $100,000. Based upon the tax
base that we have, which is a little over $8 billion, given this budget as proposed, we think the tax rate increase will
increase to 2.5% or in that vicinity. As far as revenues go, the city has been budgeting conservatively on revenues
for many years, | would say decades to we don’t run into problems with not having the revenue that we had

SPECIAL BOARD OF ALDERMEN
PUBLIC HEARING
JUNE 9, 2016

A Public Hearing was conducted by the Board of Aldermen on Thursday, June 9, 2016, at 7:00 p.m. at the Nashua
High School North Auditorium, 8 Titan Way, Nashua, New Hampshire.

President Brian S. McCarthy presided; City Clerk Patricia D. Piecuch recorded.
Prayer was offered by City Clerk Patricia D. Piecuch; Alderman Richard A. Dowd led in the Pledge to the Flag.

ADOPTED REQUESTED TOTAL
PROJECT ! FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 REQUESTED
SUMMARY SHEET
SUMMARY/FEDERAL SHARE
Airport Authority90% Federal/NHDOT $738,675.00] $900,000.00] $900,000.00 $297,000.00 $540,000.00| _$5,679,000.00 $9,054,675.00]
FEDERAL SHARE SUB-TOTAL - $738,675.00 $900,000.00 $900,000.00 $297,000.00 $540,000.00 $5,679,000.00 $9,054,675.00
SUMMARY/ICITY SHARE
Public Health & Comm Services Dept $3,000,000.00 $3,000,000.00

DEI ARTMI NT , : ae wats ode. Sy ‘.
REQUESTED: ..- | RECOMMENDS |,
A-3 Department of
Public Works Crown Hill Pool
_. (Park and Rec} Repairs 188,000 188,000

A-1.. Department of. .-Rail Trail kighting., 2) 2°.”

Public Works

(Parks and Recreation) 165,000 165,000

The current lighting on the Rail Trail is in need of replacement. The new lighting would provide improved lighting and
visibility to the area with the update of LED fixtures. Overhead wiring is proposed due to other utilities in the ground.

“* Added at the May 23, 2016 Special Capital Improvements Committee Meeting

A-1._.. Fire Dept ' Municipal FireAlarm . 55,000 55,000

FY 2017 CAPITAL IMPROVEMENT PROJECTS
CITY OF NASHUA, NEW HAMPSHIRE
SHORT-TERM PROJECTS ig
£6 A’ j
SHORT-TERM PROJECTS: Programs/Projects that can be completed within a single year and that probably will be paid
for with cash from the City's Capital Budget. These projects may be in the six-digit, thousand-dollar range.

A= Essential highest priority): Programs/Projects which are required to complete or renovate a major public improvement,