On Monday February 24, the Belknap County delegation met to complete its work on the 2020 budget. The grand total of expense lines total $30,829,837, an increase over the 2019 budget of $827,065. While the budget over budget increase appears to be in line with inflation at 2.75%, the increase as compared to the actual 2019 spending is approximately 5.7%. This means that in order to avoid out running inflation the administration will have to control spending to $30,053,004. This is far from a tall order as there is plenty of excess built in to provide for operational savings.
On the revenue side the budget expects to bring in $15,168,250 and uses $891,080 from undesignated fund balance, leaving $14,770,507 to be raised from taxes. This is the same tax level as last year.
In 2018 taxes were needlessly raised by over 14% which has led to a very flush fund balance held in reserve, which sits at approximately $4.2 million. You should understand that is money that was taken from taxpayers unnecessarily. It represents 13% of operational expenses sitting in the county’s bank account not the citizens’.
The delegation also, on Monday, approved cost items for three collective bargaining agreements. The unit covering the sheriff’s department gives 3% step increases each year over the 3 year term. The Corrections department and the Nursing Home both will receive 5% steps each year for the 4 years of the contract. Each of these contracts will, over time, bring the employee’s contribution toward health insurance up to 10%.