Board Of Aldermen

June 18, 2021
Page 2

David K. Pinsonneault Brian C. Kelly*
J. Bradford Westgate* : y Brenner G. Webb
Kent M. Barker Barbara W. Halevi*

John M. Edwards*

. *
W Peter W. Bennett (retired)
All Admitted in NH INeP and Bennett, LLP Peter G. Webb (retired)
*Admitted in NH and MA S. Robert Winer (1920-2019)
Attorneys at Law John V. Dwyer, Jr. (1946-2013)

www. winerbennett.com

June 18, 2021

VIA EMAIL AND REGULAR MAIL

City of Nashua
Board of Aldermen
PO Box 2019
Nashua, NH 03061

Special Board of Aldermen 06-23-2021 Page 4

able to see that and you will be recognized to speak. Again to remind you, there is a three minute limit. So
therefore, | will open up to testimony in favor.

PUBLIC HEARING
PETITION FOR STREET DISCONTINUANCE — (OLD) GROTON ROAD
TESTIMONY IN FAVOR - None

TESTIMONY IN OPPOSITION - None

TESTIMONY IN FAVOR - None

TESTIMONY IN OPPOSITION — None

Attorney Westgate

Special Board of Aldermen 06-23-2021 Page 3
Chairman O’Brien

Mr. Westgate would you like to explain what we are doing here.

Attorney Westgate

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