What was decided

Officials discussed House Bill 1300 and House Bill 1331, the town's tax cap and budget, school capital projects, state school funding, and joint purchasing. A warrant article adding $500,000 to the capital improvement plan passed unanimously.

• Approved $500,000 added to the capital improvement plan by warrant article Warrant article adding $500,000 to the capital improvement plan passed unanimously. p. 1page 1 of the minutes (opens in new tab)

Agenda

Agenda not recorded here. It may be on the Derry Cooperative School District website (opens in new tab).

Terms used here

tax cap

The limit in Derry's Town Charter on the town's budget, apart from the school district's. The Town Council may plan on a property tax rate no higher than the previous year's equalized rate, raised by the average change in the Northeast's Consumer Price Index, and spending can't exceed what that rate and the town's other revenue bring in. By a two-thirds vote of the whole Council, it can exceed the cap for one year, or leave bond payments out of it.

CBA

Collective bargaining agreement: a contract between the city or town and a union of its employees, setting pay and working conditions.

CIP

Capital Improvement Program: the plan for buildings, roads, equipment, and other long-lasting purchases over the next several years, and how to pay for them.

TIF

Tax increment financing: a district where some of the new property tax from development is set aside, for public projects or for the development itself.

warrant article

One item on the warrant, the list of what a town meeting will vote on. Each article is voted on separately.

All the terms in the glossary

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