Tax cap trouble - SentinelSource.com: Editorial

Tax cap trouble

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Posted: Sunday, January 6, 2013 8:00 am

Officials in the Newfound Area School District — a seven-town district in the Lakes Region — nearly found themselves in a pickle this month.

After voters in the district last year passed a measure capping property tax increases at no more than 2 percent over the previous year, an unintended snafu raised by the N.H. Department of Revenue Administration left the district facing a nearly $900,000 deficit. Late last year, district officials said the consequences of cutting the 2013-14 budget to meet the tax cap law would be catastrophic and turned to state lawmakers for help.

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