DerryNews.com, Derry, New Hampshire

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May 2, 2013

Chamber hosts "State of the Region" event

(Continued)

Relief could come if the state agrees to open a regulated casino, she said, a plan that could boost the state's revenue into the millions of dollars.

Tight budget constraints have hurt local communities as both Anderson and Hart spoke about their towns and how difficult it is to make the important financial decisions.

Anderson said Derry is in "pretty good shape."

Right now, the town is embroiled in its budget review process, hearing details from each department about what they want to spend in fiscal year 2014.

Some hard decisions have to be made when it comes to spending, Anderson said. The tax rate must stay within a tax cap limit set in the town's charter.

"We're doing our best to live within that tax cap," he said.

Hart said Londonderry also shows a lot of promise in areas of economic growth, jobs, and housing opportunities with projects like Woodmont Commons and Pettingill Road in the pipeline.

"These are hopes for the future, but with each passing day, become projects closer to reality," Hart said. "We are setting on the top of the wave that is ready to break with great plans and opportunities for the region."

The town has put a new planning department procedure into place to help save money by outsourcing some economic development work.

"That will reduce the costs," Hart said.

Everyone agreed some projects would do the region a lot of good, including completing the Interstate 93 expansion and building Exit 4A. Town leaders also stressed the importance of working together.

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