School Budgets in Town - Goffstown Taxes
Editorial by Evan Beliveau - 1 February 2012
Educating our children is very important. They will have to compete in a very competitive job market against highly motivated and highly educated students from all around the world. They will also have to live in the reality that the USA is no longer a country where 70% of the economy was derived from manufacturing. Today 70% of the national economy is derived from debt-based consumption. This means that good paying jobs of all kinds will be harder to find in the USA.
Complicating the above is the fact that school budgets continue to increase a lot, although not as much between 2001 and 2006. This occurred without any real increase in the number of students.
In that 5 year period, the Goffstown school budget increased from a little over 21 million dollars in 2001 to almost 33 million dollars in 2006. That was almost a 50% increase in just 5 years.
If that same exact trend had continued into 2011, then the Goffstown school budget would have doubled in just 10 years to somewhere in the vicinity of 42 million dollars instead of last year’s roughly 35.4 million dollars. There is a big difference in those numbers.
Some people in Goffstown would point out that those increases over the past 10 years did not have a major impact on the property taxes because the budget increases had been “up-shifted” to the state and federal government. Did Goffstown get “something-for-nothing?” Definitely not!
Other people in Goffstown would point out that there is no “free lunch” for any one and that Goffstown residents would still pay for those “up-shifted” costs with other taxes (overtly or covertly) from the state and federal governments plus additional layers of bureaucracy.
Other observant residents might wonder what might happen if financially stressed state and federal governments had to “down-shift” all of those costs back to the local level. Oh-oh!
Some Goffstown Budget (BC) committee members might also point out that right now only about 55% of the local schools budget is paid for with property taxes. The rest come from other revenues.
Any changes in those miscellaneous adequacy grants and revenues have a big impact on local taxes.
Goffstown is potentially looking at big property tax increases (+20%) already as the School Board (SB) looks to increase spending significantly to make up for reduced increases in previous budgets.
Goffstown residents who are at the effect of a lousy economy such as those on fixed or reduced income, no job, underwater mortgage, low income, no prospect of retirement, no healthcare or already retired might not be interested in any big tax increases…for whatever the reason.
All Goffstown residents need to work together to “level-the-playing-field” between public and private employment sectors until the economy improves. Now is not the time for big tax increases!
GOFFSTOWNTODAY.COM IMAGE (BELOW) ALL RIGHTS RESERVED