Finance Committee Meeting - 5/14/26

The City of Concord, New Hampshire Finance Committee held a meeting on May 14, 2026, to review and discuss the proposed fiscal year 2027 budget. The City Manager presented an overview of the budget, highlighting a proposed 5.5% tax rate increase and a total budget of approximately $156.6 million, including capital improvements. Key procurement-related topics included capital projects such as police vehicle replacements, fire department equipment upgrades, airport fuel system replacement funded by federal and state grants, and various infrastructure improvements funded through bonds and reserves. The committee discussed funding sources, including the use of fund balances, bond ratings, and tax increment financing districts. The budget also addressed staffing changes, insurance cost increases, and utility rate adjustments. Public comments emphasized concerns about the sustainability of relying heavily on property taxes and the need to explore alternative revenue sources. The meeting concluded with a reminder that the budget is a starting point subject to further deliberation and public input before final adoption.