Winnipesaukee Forum - View Single Post - New Waterfront Tax proposed HB 629-FN

Descant · 02-03-2025, 02:28 PM

In 2021 it was announced that we (NH) would get $35 MM for dam rebuilding and repairs to state dams. $5MM of that was to go towards municipally owned dams. I see that Northwood Meadows Dam, which failed in 2014 and again in 2018 is scheduled for repairs in 2025 and the lake level was lowered last fall for that purpose. That was planned to cost $600,000 in 2022. Don't know what it will cost now or where hat money will come from. Who owns that dam?
Nevertheless, the initial appearance to me is that HB629-FN will likely raise a lot of money every year, and the legislature will drain it off over the years for other purposes.

If I read the Fiscal Note to the bill correctly, it will generate $8MM annually in revenue and $300,000 a year will be spent on maintenance. Somebody needs to explain this to me as a good plan.

02-03-2025, 02:28 PM	#2
Descant Senior Member Join Date: Mar 2006 Location: Merrimack and Welch Island Posts: 4,382 Thanks: 1,353 Thanked 1,628 Times in 1,060 Posts	Federal Funds? In 2021 it was announced that we (NH) would get $35 MM for dam rebuilding and repairs to state dams. $5MM of that was to go towards municipally owned dams. I see that Northwood Meadows Dam, which failed in 2014 and again in 2018 is scheduled for repairs in 2025 and the lake level was lowered last fall for that purpose. That was planned to cost $600,000 in 2022. Don't know what it will cost now or where hat money will come from. Who owns that dam? Nevertheless, the initial appearance to me is that HB629-FN will likely raise a lot of money every year, and the legislature will drain it off over the years for other purposes. If I read the Fiscal Note to the bill correctly, it will generate $8MM annually in revenue and $300,000 a year will be spent on maintenance. Somebody needs to explain this to me as a good plan.