Nashua Aldermen Debate $30 Million Fund Allocation Amid Calls for Tax Rate Reduction

January 07, 2025 | Nashua Board of Aldermen, Nashua, Hillsborough County, New Hampshire


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Nashua Aldermen Debate $30 Million Fund Allocation Amid Calls for Tax Rate Reduction
The Nashua Board of Aldermen convened on January 7, 2025, to discuss key financial allocations and the future of city projects. The meeting focused on the management of a significant surplus, with members debating whether to allocate funds towards various city needs or to reduce the tax rate.

Alderman Clemens opened the discussion by expressing support for maintaining the current financial strategy, emphasizing the importance of saving funds rather than reallocating them to other projects. He highlighted the ongoing debate among board members regarding the best use of the city’s surplus, which exceeds $30 million. Clemens noted that while some members suggested using the funds to lower the tax rate, others preferred to keep the money in reserve.

The conversation shifted as Alderman Klee voiced concerns about the potential implications of the current federal administration on local funding decisions. Klee advocated for a cautious approach, suggesting that the board should consider delaying spending decisions until more information is available. She firmly opposed funding the Board of Education directly, citing a lack of control over how those funds would be utilized.

As the meeting progressed, a motion was made to move the question regarding the removal of a $225,000 feasibility study for a commuter rail project. The motion passed with a roll call vote, resulting in 9 votes in favor and 6 against. This decision reflects the board's ongoing efforts to prioritize immediate financial concerns over long-term projects.

The meeting concluded with a call for further discussion on how to effectively utilize the city’s surplus, with members encouraged to consider the public's needs and the condition of local infrastructure. The board's next steps will involve continued deliberation on budget allocations and potential tax rate adjustments, ensuring that the interests of Nashua residents remain at the forefront of their decisions.

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