During the Manchester Board of Mayor and Alderman (BOMA) meeting on Tuesday, May 5, Manchester Mayor Joey Hobbs read a statement he drafted about the city’s FY27 Budget.
Hobbs highlighted that the city’s sales and property tax revenue is projected to increase three to five percent over the next year.
Considering expenses, Hobbs said that the city’s highest expenditures are employee-related costs. He said that the city’s employee turnover rate has decreased from 35% to less than 10% during FY26, attributing the change to updates in the city’s classification and compensation plan…