Nearly $50,000 in revenues from NH Bike Week

LACONIA, N.H. (AP) - City officials in Laconia, N.H., estimate the annual Motorcycle Week brought in close to $50,000 in revenues. Revenue for the event is raised primarily through vending licenses. The city places the proceeds into a fund to help pay for providing police, fire, and public works services for the following year's event. Earlier this year, the City Council used money from the Bike Week fund to purchase two portable defibrillators and to make sewer-water improvements on the Lakeside Avenue boardwalk. In adopting the 2012-2013 municipal budget last month, the council also agreed to use Bike Week money to buy a police cruiser and a fire-prevention utility vehicle. This would leave a balance of $129,000 in the account.