2006-02-17-AC-summit5 - Laserfiche WebLink

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?? Tier 3 includes the programs and expenses that should be cut last. The cuts will reduce the school committee's level service budget from $64,078,046 to $61,652,579, which is a further cut of $2,347,067. Cuts from the three tiers totals $5,051,279. In order to reach the maximum funding increase currently available, $1,534,878, an additional list of cuts totaling $72,117 needs to be found. The School Committee was asked to look for an additional 5% of possible reductions in the School budget, like the Town Manager is doing for the municipal budget. The School Committee responded that they cannot put anything else at-risk. They are concerned about employee morale and losing teachers before the proposed override date. Mr. Valente reviewed the proposed budget adjustments to the municipal budget. The Senior Management Team put the list together keeping in mind service efficiencies, maintenance savings but not deferrals, maintaining core services like public safety, legal and regulatory requirements and fee for service programs. The additional 5% of cuts will be presented to the Board on February 27. Mr. Levine, Appropriation Committee, suggested the group be prepared to discuss specific questions for an unbundled override. He suggested a combined question for building and facility maintenance for schools and town. Everyone should be prepared to come up with a priority list of "at-risk" items for both the school and municipal budgets for the March 1 meeting. Do not expect to discuss override questions at the March 1 meeting. The School Committee would like further information from the Selectmen on what types of override questions are being considered (combined or not). The Selectmen are open to suggestions for how to frame override questions. Budget Collaboration/Summit 5—February 17, 2006 FY 2008 Projected Reserves Mr. Hamburger, Appropriation Committee, presented his FY2008 projections, which will be reviewed by the Appropriation Committee at its next meeting. Budget Schedule Questions that need to be resolved by March 1 are: elements of capital paid by cash and the magnitude of the override. The next Budget Collaboration/Summit meeting is scheduled for Wednesday, March 1, 2006, at 7:00 p.m. in the High School Commons II. There will be a backup meeting scheduled for Thursday, March 2, 2006, at 7:00 p.m. A room will be reserved and notice send to the Budget Collaboration group. The Appropriation Committee, Capital Expenditures Committee, and the School Committee adjourned. Town Counsel