| Bill Number: | R-02-97 |
| 1st Reading: | 9/9/2002 |
| Bill Name: | ESTABLISHING THE USE OF UNDESIGNATED FUND BALANCE FOR TAX RATE |
| Bill Status: | Approved |
| Approval Date: | 9/24/2002 |
| Voting: |
Bolton, Steven - Alderman At - Large - Yes
Britton, Frederick - Alderman At - Large - Yes Cardin, Lori - Alderman Ward 7 - Yes Cote, Scott - Alderman Ward 9 - Yes Deane, David - Alderman At - Large - Yes Dion, Robert - Alderman Ward 6 - Yes Gage, Kevin - Alderman Ward 3 - Yes Johnson, Paula - Alderman At - Large - Yes Liamos, Stephen - Alderman Ward 8 - Yes McAfee, Kevin - Alderman Ward 1 - Yes McCarthy, Brian - Alderman At - Large - Yes Nickerson, Timothy - Alderman Ward 2 - Yes Plamondon, Marc - Alderman Ward 4 - Yes Rootovich, David - Alderman At - Large - Yes Tollner, James - Alderman At - Large - Yes |
| Bill Sponsor: | Mayor Streeter |
| Co-Sponsors: |
Britton, Frederick - Alderman At - Large
Rootovich, David - Alderman At - Large |
| Bill Text: | ESTABLISHING THE USE OF UNDESIGNATED FUND BALANCE FOR TAX RATE In the Year Two Thousand and Two RESOLVED by the Board of Aldermen of the City of Nashua that pursuant to NRO §2-803 (2), $3,265,000 of the undesignated general fund balance shall be applied to the Calendar Year 2002 Tax Rate. This amount is recommended by Mayor Bernard A. Streeter in order to comply with FY03 budgetary decisions. With approval of this action, undesignated fund balance remains at or above the five (5) percent minimum as recommended by Department of Revenue Administration and rating agencies. |