Losing Your Head Over Taxes

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Losing Your Head Over Taxes
2
The Art of Flying in Formation
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Dancing Gardening Techniques by Barb
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Barbs Tour of Tropical Topics
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Warrant Articles Timelines

• Barbara J. Robinson
• Director of Municipal Services
• NH Department of Revenue
• September 29, 2005

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How to Pass the Budget For The Twins New School
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Or Perhaps - Animal Obedience Charter School
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Pointing You in the Right Direction

• RSA 21-J34 Tech.Assistance
• RSA 21-J35 Tax rates
• RSA 32 Budget law
• RSA 4013, if SB2
• RSA 19820-b
• Phone [phone]

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Technical Assistance Available

• Suggested Warrant Articles
• School Meeting Timeline
• SB2 Official Ballot Vote
• Web site www.nh.gov.revenue
• DRA Auditor at 271-3397

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Todays Topics

• Whats New?
• Tax Rate Process
• General Rules
• Budget Committees
• How to Stay Out of Trouble
• SB2

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Whats New?

• Education Funding Plan
• Unanticipated Revenue lt 5,000
• No Means No (2nd year)
• SB2 Default Budget Form (2nd year)

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Overview of the Process

• Grant calculated by DOE
• State Education Tax Calculated by DRA
• Your Budget Preparation
• Hold Hearing(s)
• Post Warrant Budget
• Town/School Meeting Vote on Budget
• Minutes Forms to DRA to Review (April)
• DRA Review More Forms after September 1
• Tax Rate

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General Rules

• Follow RSA 32 Requirements
• Postings, hearings
• Sum Certain
• Gross Appropriate
• Even Food Service
• All Appropriations on Posted Budget
• Dont Do a SWEEP Article
• 10 Rule (if budget committee)

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Budget Committee

• Adopt Under RSA 3215
• Review Expenditures
• Prepare Budget to Present to Voters
• 10 Rule Appropriations not greater than
  110 of budget committee amount
• Prepare SB2 Default Budget if Delegated Under RSA
  4014-b

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SB2 Form of Government

• Ballot Vote with 2 Sessions
• March, April, or May
• 3/5 Vote on Bonds/Notes
• Default Budget if Op. Budget Fails
• Default Budget Form

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How to Stay Out of Trouble

• Flying in formation?

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Avoiding Crash Course?
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Technical Assistance to Help

• Page 2 Reasons for Disallowance
• Pages 3-6 Trusts and Capital Reserve Funds
• Page 6 Long-Term Borrowing
• Page 10 Leases
• Page 11 Supplemental/Deficit
• Page 12 Up To Wording
• Page 13 Collective Bargaining

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Black White Presentation on Gray Areas