10 Years $75,418; Tax Note Borrowing Interest paid to Banks…Could the Optional Fiscal Year have saved us from this expense???

Good Governance

February 16, 2010

Let me be clear…I support looking into the Optional Fiscal Year! Here’s why;

Henniker’s fiscal year runs from January 1st to December 31st. The 2019 budget will be  passed at Town meeting in March.

First tax bill for new budget will not go out until June…and must be paid bu July 1st.

In essence, the Town of Henniker is billing in arrears…So for the first six months of each year the Town of Henniker BORROWS money (line of credit) from a bank to pay our bills.

The interest we pay to the bank can be found in the Annual Report, Financials, MS 6 Town Budget, (after 2013 MS 636) account #4723. (read here)

RSA 31:94-a allows for towns to adopt what is called the Optional Fiscal Year…July 1st to December 31st. The semi-annual  billing would stay the same, but the budget would be approved at a May annual meeting.

With the new fiscal year, the June billing provides cash at the very beginning of the fiscal year. The December billing then provides cash six months later when we are in the middle of the fiscal year, rather than at the end of the fiscal year.

The New Hampshire Municipal Association (NHMA) (Henniker is a member Town) advises that, “This change in cash flow virtually eliminates the need for short-term tax anticipation note borrowing.” (read here)

I have brought this up to the Select Board numerous times. Each time the Select Board defers to Mr. Roy the finance director. His opinion is in direct contradiction to that of the NHMA…

NHMA reported in 2006 that eleven cities and seventeen towns in New Hampshire have adopted RSA 31:94-a…I wonder what their experience has been??? Have they saved MONEY???

Why are we NOT looking into this????

I support hearing what these other towns have to say about this matter….

OHB…all the news fit to printkeeping it real… making it easier for you to find the facts so you can draw your own conclusions…..

“There are things public officials would never do if they thought somebody might call them out on it.”

http://www.onlyhennikerbruce.com

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How about that! Newport’s Select Board shows some leadership! Ring the Bell Henniker!

ABOUT TIME (Copy) (2)

Hennikurians…Let not your hearts be troubled!

Apparently, the Newport Select Board should be invited here to teach a seminar on LEADERSHIP!….

“Select Board Chair Jeff Kessler accused the School Board of lacking financial discipline to which Selectman Todd Fratzel agreed, saying it was the worst budget he had seen. Quoting from the NH School Board Association’s guide book, he urged school officials to do their job, which is “To balance the needs of the children with the ability of the taxpayers to provide them.”

Hmmm…something we here @ onlyhennikerbruce.com have been advocating for quite sometime…encouraging our own Select Board Chairperson to under take this endeavor!

And, once the bruised ego’s over there have healed…something might just happen.

I call it a WIN for the most important folks in the room… THE VOTERS!

Read here about what our hearts ache for..page one

Hat tip to the Town of Newport…necessity is the mother of invention!

OHB…all the news fit to printkeeping it real… making it easier for you to find the facts so you can draw your own conclusions…..

“There are things public officials would never do if they thought somebody might call them out on it.”

http://www.onlyhennikerbruce.com

Wise Old Owl…school employee contracts…Are you Nuts! Just Vote NO!

A WISE OLD OWL II (Copy)

February 3, 2019

“Christopher Robin and I walked along….Under branches lit up by the moon…Posing our questions to Owl and Eeyore…As our days disappeared all too soon…” (Kenny Loggins;Return To Pooh Corner”

Owl stands so magnificent and reserved…he leans over and whispers to me these scholarly words…

  • ” I’ve learned the voters will be voting on almost $ 6,000,000 of School Budget in two separate warrant articles. AND….if passed the budget cannot be reduced for three years. Or, as the School Board annually harps on, those numbers are “ out of their control” and the voters control for years once the voters approve the contracts.
    In other words….approve the contracts this year and nothing to think about for the next three years. It’s out of everyone’s hands!”
  • “I’ve learned that the Master Agreement for Henniker teachers includes language which provides for stipends to be paid to teachers for 26 quasi-administrative positions, totaling $23, 800 excluding retirement payments to the State. A list of these positions can be found on page 33 of the proposed Master Agreement ( 2019-2022)…”
  • “I’ve learned that the “ early retirement” language in the Henniker teachers contract Master Agreement provides for a bonus check to teachers who retire with more than 10 years of service in the district. I’ve also learned that that bonus check can potentially exceed $43,000.”
  • “I have learned that the process of determining what are the appropriate levels of funding to provide for the “common good” is very often dependent on what seat you occupy…”
  • “I have learned that some budgets and collective bargaining agreements are brought forth to the body politic by elected governing boards who are unaware of what is in the documents…”
  • “I have learned that sometimes direct question that are germaine coming from the audience are often either not answered or obfuscated by a lengthy dissertation ending nowhere…”
  • “I have learned that ardent supporters of the Town budget blame the School Budget for the excessive tax burden. Conversely, I have learned that the ardent supporters of the School Budget blame the Town budget. Of course, as previously mentioned, there is general consensus that the State is to blame…”
  • “I have learned that the majority of time spent at these meetings is focused on past mistakes and current financial consternation…”

“What do you know…There’s so much to be done…Count all the bees in the hive…Chase all the clouds from the sky!”

The Henniker Teacher’s contract can be found here.

The Henniker Community School Support Staff contract can be found here.

Ahhhh…thank you wise old owl… I am grateful for all of the things you have done…!

OHB…keeping it real… making it easier for you to find the facts so you can draw your own conclusions…..

“There are things public officials would never do if they thought somebody might call them out on it.” (the wise young owl)

http://www.onlyhennikerbruce.com