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November 17, 2005 <br />There was discussion in preparation for the upcoming Nov. 30 Budget <br />Collaboration/Summit meeting and the FY 2007 budget in general. The view was <br />expressed that the Town’s reserves should continue to be built up. It was asked whether <br />the snow removal appropriation should be increased by $100K or $200K, and whether <br />there should be reserves for SPED and utility cost increases. M. Young discussed the <br />process of estimating revenue. P. Hamburger pointed out that reserves may need to be <br />protected if not increased. The question of putting some free cash into the Stabilization <br />Fund was raised. Finally, the question was raised whether the Town Manager considers <br />the main reserves to be free cash and the stabilization funds. <br /> <br />The meeting was adjourned at 10:11 PM. <br /> <br />Respectfully submitted, <br /> <br />Alan M. Levine <br /> <br /> <br />Approved December 15, 2005 <br /> <br /> - 2 - <br />