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Oct 27, 2016 1:43 PM

Concord School Board increases heating budget by $490,000 ahead of winter

NH1.com

CONCORD — The Concord school board increased its budget by $490,000 in anticipation for a large heating bill this winter.

Based on the current cost of steam heat, SAU 8 Business Administrator Jack Dunn projected that the $855,000 heating budget would be just enough to cover a mild winter like the one the area experienced last year, the Concord Monitor reported.

On the other hand, if usage rates are as high as they were over the 2014-15 winter – when the area encountered near-record cold – the bill could approach $1.3 million, Dunn said.

Taxpayers will also be asked to pay less per dollar of assessed property value for education than anticipated when the lesser budget was adopted in March.

This is because property values within the Concord School District increased more than projected, making the tax rate lower than originally imagined.

The education-related portion of the tax bill for a $250,000 home will be $83 higher than the previous year, as opposed to the original projection of a $105 increase, Dunn said.

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