PORTSMOUTH – City Manager Karen Conard has proposed a $124.2 million Fiscal Year 2022 municipal budget, which represents an increase of 4.32 percent or $5.1 million over this year’s budget.
If passed by the City Council as proposed, the budget will result in an estimated tax rate of $15.36 per $1,000 of valuation, which represents a 66 cent or 4.48 percent increase, according to Conard.
The owners of a median priced $474,900 single-family home in Portsmouth would see a $313 increase in property taxes for the fiscal year, which starts on July 1, Conard said.
“This is the budget we feel is responsible and meets the needs as set forth in our initial conversations about the budget back in January,” Conard said Friday during an interview in City Hall.
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Seacoast tourism and business leaders want federal officials to approve more foreign visa workers and economic aid to support what they hope will be a busy summer on the tail end of the pandemic.
They spoke at a roundtable Monday in Hampton Beach with U.S. Commerce Secretary Gina Raimondo and New Hampshire Sen. Jeanne Shaheen.
Raimondo, the former governor of Rhode Island, was on her first official trip as U.S. Commerce Secretary. She asked what the Seacoast wants out of the latest round of pandemic stimulus money and President Biden’s proposed jobs and infrastructure plan.
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