Another Nail in Bike Week's Coffin ??

[fatlazyless]

So, how much of the 9% tax did Meredith get back from the State of NH in 2015.....if it got any money back? Do the individual towns get any tax money coming back?

[GBGX2]

Originally Posted by fatlazyless

So, how much of the 9% tax did Meredith get back from the State of NH in 2015.....if it got any money back? Do the individual towns get any tax money coming back?

(c) Forty percent of the net income under the introductory paragraph of paragraph I of the most recent fiscal year to the unincorporated towns, unorganized places, towns, and cities. The amount to be distributed to each such town, place, or city shall be determined by multiplying the amount to be distributed by a fraction, the numerator of which shall be the population of the unincorporated town, unorganized place, town or city and the denominator of which shall be the population of the state. The population figures shall be based on the latest resident population figures furnished by the office of energy and planning;

[fatlazyless]

So, if I ask someone in Meredith Town Hall how much the town received from the state for 2015.....what's the actual amount?

Hate to just be asking questions without having an answer?

Is there a big long list of all the individual towns and cities in NH that shows how much is collected, and how much gets returned to each individual town?

[GBGX2]

Originally Posted by fatlazyless

So, if I ask someone in Meredith Town Hall how much the town received from the state for 2015.....what's the actual amount?

Hate to just be asking questions without having an answer?

Is there a big long list of all the individual towns and cities in NH that shows how much is collected, and how much gets returned to each individual town?

Some of these links are "dated" but the information, I believe is still valid !

http://www.lfda.org/issues/meals-rooms-tax-revisions

http://www.seacoastonline.com/articl...news/150519288

http://www.seacoastonline.com/articl...NION/301220369

"Tourist mecca Hampton, for example, with a population of 15,000 residents, received slightly more than $672,000 in rooms and meals tax money from the state in 2011, while Derry, with a population of 34,000, received more than $1.5 million, despite the fact Derry generates far less in rooms and meals taxes.

While Derry has just 103 businesses paying rooms and meals tax, according to the New Hampshire Department of Revenue Administration, Portsmouth has 270, and Hampton and Hampton Beach have a combined total of 331.

The major flaw in the formula is it does not take into account the significant costs Portsmouth and Hampton incur providing increased police, fire and other services needed for the influx of tourists who pay rooms and meals taxes."