LebAnswers: 2024 Spending Increases

City Manager Shaun Mulholland provides a detailed overview of the proposed property tax increase in Lebanon, NH, for the year 2024. It addresses a resident's query about how the additional revenue from the tax hike will be utilized. Key points include the General Fund budget increase from $38,460,840 in 2023 to $40,702,460 in 2024, representing a 5.8% rise; the 2024 budget impacts, excluding the Capital Improvement Plan (CIP), with a total cost increase of $3,081,560 (5.2%); and the breakdown of cost increase drivers: wages, healthcare and dental insurance, retirement costs, human services, wastewater repairs, water fund transfers, library repairs, DPW vehicle leases, and sidewalk/signal repairs.
Watch the video to understand the specifics of each cost driver and how the increased budget will support city services and infrastructure.