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education, 30% municipal. School Committee was concerned that this split would penalize the <br />students and also pits municipal against education. The consensus ofthe group was to accept the <br />methodology recommended by the Town Manager to allocate incremental revenues. <br />FY2007 Capital/Cash <br />Mr. Lamb, Chair of the Capital Expenditures Committee, is concerned about the Cash Capital <br />projections for FY2007, which by his analysis underfunds Cash Capital by approximately <br />$940,000. The CEC feels, however, that the Police and Lincoln Park capital items totaling <br />approximately $1 million should be borrowed. <br />There were questions regarding how Lexington's debt to tax levy rates compares to other AAA <br />rated communities. Mr. Valente responded that Lexington compares favorably and we are not <br />doing things differently from other similarly situated communities. <br />Budget Schedule <br />Reviewed the Budget timeline from tonight until the start of FY2007. <br />March 1 is the latest the budget can be given to the Appropriations Committee. <br />Upon motion duly made and seconded, it as voted to adjourn at 8:15 p.m. <br />N‘ <br />A true record; Attest: <br />Lynne A. Pease <br />Executive Clerk <br />