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Local property tax relief included in N.H. Senate's casino bill

  • Published in Letters

To The Daily Sun,

My letter is to make Laconia residents aware of Senate Bill 366, which is due to be heard Wednesday this week in the House, and to ask people to let our county delegation know they are interested in the local property tax relief included in the bill.

The bill passed by the Senate contains property tax relief in the form of reinstated revenue sharing money to local communities that was suspended in 2010 (which totaled about $50.4 million per biennium).

Based on the pre-2010 figures, Laconia, alone could expect to receive in the vicinity of $677,000 per year, or $1.354 million per biennium -- significant money.

One objection to expanded gaming historically is that New Hampshire did not have the regulatory structure needed. Since taken up last session, the Gaming Regulatory Oversight Authority put together a regulatory structure that has earned praise.

Gaming has long been a key revenue source for funding our state, as much as 10 percent. It's time to protect local property taxpayers' interests by not ceding it to our neighboring states, and it is time to recognize that not keeping up our state "gaming position" places a unfair burden on communities.

Please join me in support of SB-366.

Henry Lipman
City Councilor, Ward 3

Laconia